The key is confidence. Germany must trust that its agreement to loosen the eurozone’s fiscal belt will not lead to a slowdown of structural reforms, and countries like France need to know that excessive austerity will not exacerbate the impact of politically difficult structural reforms in the short run.
关键在于信心。德国必须相信它同意放松欧元区财政腰带不会导致结构性改革的减速，法国等国家也需要知道过度紧缩不会放大政治困难的结构性改革的短期影响。