It should be recognized that a disorderly default or exit from the eurozone, even by a small country like Greece, would precipitate a banking crisis comparable to the one that caused the Great Depression. It is no longer a question whether it is worthwhile to have a common currency.
必须指出，无序违约或（即便是像希腊那样的小国）退出欧元区将导致可与引发大萧条的银行危机相提并论的危机。欧元的崩溃将给银行体系带来不可估量的损失。因此德国所面临的选择既真实又紧迫，德国晚一日做出抉择，代价就要增加三分。