European leaders repeatedly proclaim their commitment to saving the euro, but those who could have repeatedly said that they are committed to not doing what is needed. They have recognized that austerity will mean slower growth – indeed, a recession is increasingly likely – and that, without growth, the eurozone’s distressed countries will not be able to manage their debts.
欧洲领导人一再重申其拯救欧元的承诺，但实际上，他们是在一再承诺不做应该做的事。他们已经知道，紧缩将意味着更慢得增长——事实上，衰退的可能性正在与日剧增——而没有增长，欧元区的受困国家将无法治理债务。但他们没有采取任何措施提振增长。他们正处于一个死亡螺旋中。