Second, the euro area benefits from an independent European Central Bank whose swift actions to ease liquidity constraints and coordinate monetary policy have recently helped to avert a financial meltdown. Such rapid, coordinated steps by 16 national central banks would have been unthinkable.
其次，欧元地区受益于有一个独立的欧洲中央银行，它以其迅速的行动，缓解了资金周转困难并协调了货币政策，这些行动近来都有助于对金融危机的避免。这种快速的协调步骤，若要由16个国家中央银行来执行，那是无法想象的。