The euro was built on the assumption that markets correct their own excesses, and that imbalances arise only in the public sector. As it happened, some of the largest imbalances that fueled the current crisis arose in the private sector – and the euro’s introduction was indirectly responsible.
欧元的建立基于一个假设：市场能纠正自身的过度调整，失衡只会在公共部门产生。事实表明，助长当前危机的最主要失衡产生于私人部门，欧元的引入便是间接罪魁。