If Germany’s half-hearted efforts to stabilize Europe somehow turn out to be successful, America’s position will be further eroded, and central banks around the world will begin to regard the euro once again as a reliable alternative to the dollar as a reserve currency. The alternative, as China has suggested, would be to develop a new reserve currency.
如果德国三心二意的欧洲稳定行动不知怎样取得了成功，美国的地位会遭到进一步侵蚀，而世界各国的中央银行也将开始再次将欧元视为替代美元的可靠储备货币。中国已经提出的替代方案是推出新的储备货币。