An effective reform strategy would have to balance the need for budget restraint and macroeconomic stability with growth-enhancing policies. When it comes to the latter, European Central Bank President Mario Draghi’s proposals in August – expanded monetary easing, structural reforms (particularly in France and Italy), and some fiscal expansion by countries like Germany – provide a useful framework to be supplemented with concrete measures.
有效的改革战略必须平衡预算约束需要和宏观经济稳定与增长强化政策。对后者而言，欧洲央行行长马里奥·德拉吉8月所提出的建议——扩大货币宽松、结构性改革（特别是法国和意大利）、德国等国家实施一些财政扩张——提供了一个有用框架，现在需要拿出具体政策进行补充。