While markets remained calm, the Cyprus crisis revealed the full extent of the political disaster that the eurozone crisis has wrought: the European Union is disintegrating at its core. Europeans’ current crisis of confidence concerning Europe is far more dangerous than renewed market anxiety, because it cannot be overcome with another liquidity injection by the ECB.
虽然市场依然平静，但塞浦路斯危机充分暴露了欧元区危机带来政治灾难的严重程度：欧盟正在从核心部分逐渐解体。欧洲人目前对欧洲的信心危机远比市场忧虑重燃更为危险，因为单靠欧洲央行注入流动性已经无法解决这一问题。