In other circumstances, these would be positive outcomes. Indeed, Europe does stand to reap significant benefits from fiscal consolidation and structural reform – but in the long run, not in the short run, when the problem is deflation.
在其他环境中，这些可能是积极的结果。事实上，欧洲确实可以从财政整合和机构改革中获益良多——但是在长期，而不是在面临内通缩问题的短期。欧洲政府也知道这一点。