The muddle-through approach to the eurozone crisis has failed to resolve the fundamental problems of divergence within the union. If this continues, and as Monday’s downgrade of Greek debt by Standard & Poor’s implies, the euro will move towards disorderly debt workouts – and eventually a break-up of the union itself – as some weaker members crash out.
对欧元区危机“胡乱应付”的做法,未能解决欧元区内部发展不均衡的根本问题。正如标准普尔(Standard & Poor's)周一下调希腊债务评级所表明的那样,如果这种情况持续下去,欧元将走向无序的债务整肃,同时,随着一些实力较弱的成员国崩盘并脱离欧元区,最终导致欧元区自身的分崩离析。
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