I call it a nightmare – one that is inflicting tremendous pain and suffering that could be easily avoided if the misconceptions and taboos that sustain it were dispelled. The problem is that the debtor countries feel all the pain, while the creditors impose the misconceptions and taboos.
但这是一场惨胜。欧元区现状是不可容忍不稳定。主流经济学家称之为劣均衡；我则称之为噩梦，它带来了巨大的痛苦和罪过，而若维持这一噩梦的误解和禁忌被破除，它本可以轻松避免。