The more the eurozone’s ineffective governance is criticized, the greater becomes the euro’s importance as a non-political currency that represents a secure store of value. In a stable world of confident markets, small countries can rest easy with their own monetary regimes.
欧元区的政治无能越是遭人诟病，欧元就越是一种免受政治操纵的货币，越是一种可靠的价值贮藏手段。当世界太平无事，市场信心满满，小国完全可以保留自家货币体制。当世界动荡不安，市场振荡不已，它们面临的风险就压倒了保持独立的需要。