Thus, if anything, emerging-market leaders should have complained about European austerity, not about US quantitative easing. Fed Chairman Ben Bernanke’s talk of “tapering” quantitative easing might have triggered the current bout of instability; but emerging markets’ underlying vulnerability was made in Europe.
因此，如果新兴市场要抱怨的话，对象也应该是欧洲的紧缩，而不是美国的量化宽松。美联储伯南克“逐渐减少”量化宽松的说法可能引发了最新一波动荡；但新兴市场的根本脆弱性来自欧洲。