The ECB, however, is not an issuer; it is an independent agency, and the decision to buy is its own. Furthermore, 80% of the risk will be borne by national central banks individually.
德国的另一个主要担忧是量化宽松可能成为创立欧元债券的后门。但欧元债券是发行人之间彼此互相提供担保的契约。而欧洲央行并非发行人；它是一个独立机构，购买决策由其自主做出。此外，80%的风险将由国家央行分别承担。