ATHENS – When the eurozone was established, its creators envisioned gradual progress toward an “optimal currency area,” characterized by fiscal integration, the free movement of labor, and political union. But this process has not occurred, and, as the interminable Greek crisis has shown, the eurozone remains rife with structural weaknesses and extremely vulnerable to internal shocks.
发自雅典——当欧元区建立之时，它的缔造者们希望它能逐渐朝着以财政统一，人员自由流动以及政治联盟为特点的“优化货币区”。而这一进程却并未发生，与此同时，正如旷日持久的希腊危机所展现的那样，欧元区依然充斥着结构性缺陷并在内部冲击面前极端脆弱。这个情况很显然是无法维持下去的。