Finally, there are the more ambitious reforms – fiscal union and political union – that must complement monetary union if Europe is to avoid a similar crisis in the future. If there is one lesson to be learned from Europe’s recent travails, it is that monetary union without fiscal and political union will not work.
最后，如果要避免欧洲再次爆发一场类似的危机，就必须以更具雄心壮志的改革——财政和政治联盟——来为货币联盟做补充。如果说能在欧洲最近的苦痛挣扎中得到了一点教训的话，那就是财政和政治联盟的货币联盟是行不通的。但就算面对着对进一步财政和政治整合的强烈反对，如果要实现进展的话就一定会有艰难且导致不和的谈判。因此任何在缺乏这类手段情况下出现的欧洲增长都将最终被其自身所阻碍。