Obviously, we should not underestimate the capacity of policymakers to make a bad situation worse (for example, by pressing Greek debt service beyond the limits of social tolerance). But we should recognize that the main threats to growth this year, such as the unresolved Greek debt crisis, the Russia-Ukraine conflict, and turmoil in the Middle East, are more geopolitical than macroeconomic in nature.
显然，我们不应该低估政决策者让不利局面更加恶化的能力（比如增加希腊偿债压力导致社会无法容忍）。但我们应该认识到，今年的主要增长威胁，比如未解决的希腊债务危机、俄罗斯-乌克兰冲突和中东动荡等，在性质上更加偏向地缘政治问题而不是宏观经济问题。2015年，明智的外交和明智的货币政策可以带来繁荣之路。广泛的复苏就在伸手可及的地方，只要我们能够很好地结合这两大因素。