But the financial-market turmoil fueled a panic among eurozone leaders, leading them to misdiagnose the malady and prescribe the wrong medicine, which has served only to generate new symptoms. While Draghi’s promise, embodied by the ECB’s “outright monetary transactions” program – as well as its long-term refinancing operation and emergency liquidity assistance program – has bought time and lowered yields, the eurozone’s banking crisis persists.
但金融市场动荡催生了欧元区领导人之间的恐慌，导致他们错判了病根，开错了药方，结果是造成了新的病症。尽管德拉吉所承诺的欧洲央行“直接货币交易”计划——及其长期再融资操作和紧急流动性援助计划——买来了时间和收益率的降低，但欧元区银行危机仍然没有消除。