NEW YORK – Nothing illustrates better the political crosscurrents, special interests, and shortsighted economics now at play in Europe than the debate over the restructuring of Greece’s sovereign debt. Germany insists on a deep restructuring – at least a 50% “haircut” for bondholders – whereas the European Central Bank insists that any debt restructuring must be voluntary.
纽约—关于欧洲眼下的政治分歧、特殊利益和短视经济考虑，没有比重组希腊主权债务争论更好的写照了。德国坚持要实行深度重组，至少要债权人“牺牲”50%，而欧洲央行坚持债务重组必须是自愿的。