When I welcomed Mario Draghi’s strong statement in August, I argued that the ECB’s new “outright monetary transactions” program needed to be complemented by progress toward a more integrated eurozone, with a fiscal authority, a banking union, and some form of debt mutualization. The OMT program’s success, I argued, presupposed a decisive change in the macroeconomic policy mix throughout the eurozone.
8月份，我为德拉吉的强硬发言欢欣鼓舞，我指出，欧洲央行新的“直接货币交易”（OMT）计划需要辅之以更加一体化、拥有财政当局、银行联盟和某种形式的债务共同化的欧元区。我指出，OMT计划的成功需以欧元区宏观政策组合的决定性变化为前提。