If Europe’s political center is widely perceived to be arbitrary and overweening, its authority will be rejected and resisted. While adopting a new treaty may look like an unwieldy process, ill-suited to managing a fast-moving modern financial crisis, it is the only way to generate legitimacy for the institutions that are needed to address that crisis – in particular to provide reassurance that transfers will not be indefinite and unlimited.
如若欧洲政治中心被广泛认为是专断自负的，那么其权威性就会被拒绝和抵制。接受新条约看起来会是个艰难的过程，不适合用来处理瞬息万变的现代金融危机，但这却是赋予解决危机所需制度的合法性的唯一途径，特别是在保证转移支付不会是个无底洞方面。