The euro has become the prisoner of a playground game of “you-go-first”. Everyone — almost — knows what needs to be done, even if some resile from admitting it. The necessary ingredients are growth, competitiveness and sustainable debt and deficits. The missing glue is trust.
欧元已经沦为操场游戏“你先跳”中的囚徒。几乎每个人都知道需要做什么，即使有些人并不愿意承认。当前所需要的是增长、竞争力和可以为继的债务与赤字，而缺失的是信任。
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