And if Italy were helped, the incoming ECB President, Mario Draghi, an Italian, would be criticized, no matter how dire Italy’s need. Moreover, financing would have to be accompanied by conditionality, and these institutions have neither the requisite expertise nor the necessary distance from the countries at risk to apply and enforce appropriate conditions.
不过，关于如何操作的问题，目前还没有达成一致。有人提出让欧洲央行纳入EFSF，从提高而后者的融资规模。这样会适得其反。让欧洲央行扮演准财政部的角色将威胁到它的信誉，即使从某种程度上说这样做不会给欧洲央行造成什么损失。而如果意大利得到了援助，那么不管它是多么需要这笔援助，未来欧洲央行行长、意大利人德拉基（Mario Draghi）都将遭到口诛笔伐。此外，融资必将伴随条件，而这些机构既不具备专业技能，也无法与高风险国家保持必要距离，根本不能要求或强行施加合适条件。