Just as last year when there was unwarranted growth pessimism in Europe, this year there is unwarranted growth euphoria. Many Germans, in particular, are in denial that the cyclical upturn may be coming to an end.
正如去年对欧洲经济增长抱有不切实际的悲观那样，今年则有不切实际的增长乐观。特别是许多德国人否认周期性的上升可能正在结束。