Finally, Europe needs coherent bank regulation. One reason the Greek crisis is so difficult is that European banks are undercapitalized, overleveraged, and stuffed full of Greek bonds, thereby ruling out the possibility of restructuring – and thus lightening – Greece’s debt load.
最后，欧洲需要协调一致的银行监管。希腊危机之所以如此难以处理，原因之一就是，欧洲的许多银行都处于资本金不足、杠杆过高的状态，大把希腊债券烂在手里，所以债务重组的可能性就被排除了，因而加剧了希腊的债务压力。