Limited capacity for debt socialization reflects the EU Treaty’s no-bailout clause, which bars outright mutualization at the eurozone level of (national) public debt. Moreover, the lending capacity of the new rescue fund, the European Stability Mechanism, is capped at €700 billion ($905.6 billion), which represents only a fraction of the total public debt of the countries potentially needing financial assistance.
债务社会化能力有限反映了欧盟条约的不援助条款，该条款禁止对（国家）公债施以欧元区层面的直接共同化。此外，新的援助基金欧洲稳定性机制的贷款能力也被限制在7000亿欧元，只相当于可能需要财政援助国家总公债水平的几分之一。