There is, however, a final risk factor. The type of determined intervention designed to prevent the run-up in bond yields may not be forthcoming, owing to a concern within the eurozone core, led by Germany, that unconditional, aggressive action by a lender of last resort would undercut the incentive – and hence the political will – to undertake the required reforms.
不过，还存在一个终极风险因素。防止国债收益率升高的坚决干预可能无法实施，因为以德国为首的欧元区核心国家担心无条件的激进最后贷款人行为会削弱采取必须改革激励，从而影响政治意愿。