Unless the political mood changes radically in Europe – an unlikely development – it would be unrealistic to expect the capital-markets union to be anywhere near as transformational as the banking union has been. It will be, at best, a small disturbance, in which few national sacred cows are slaughtered.
除非欧洲的政治情绪发生快速变化——不太可能——否则期望资本市场联盟拥有可与银行联盟相比的转化力是不现实的。它充其量只是一次微小的扰动，几乎不会牺牲神圣不可侵犯的国家主权。