A European banking agency would break up the incestuous relationship between banks and regulators that was at the root of the excesses that fueled the current crisis. And it would interfere much less with national sovereignty than would the subordination of fiscal policies to an EU or eurozone-wide authority.
成立欧洲银行机构能打破银行和监管者之间你中有我、我中有你的混乱关系——这正是令当前危机大大恶化的银行部门发展过度的根源。而与把财政政策交予欧盟或欧元区当局相比，欧洲银行机构对国家主权的干涉更少。