A new agreement for the eurozone, negotiated in a calmer atmosphere, should not only codify the practices established during the emergency, but also lay the groundwork for an economic-growth strategy. During the emergency period, fiscal retrenchment and austerity are unavoidable; but, in the longer term, the debt burden will become unsustainable without growth – and so will the European Union itself.
在较平稳环境下协商达成的新欧元区协议不仅可以将紧急时期行为法制化，而且可以作为经济增长战略的基础。在紧急时期，财政节省和紧缩是不可避免的；但从长期看，债务负担的可持续性问题，甚至欧盟本身的可持续性问题，都只有通过增长才能解决。