This realization – that the European taxpayer does not have to save every troubled bank – might have a very beneficial effect, because Germany’s resistance to a banking union is motivated by the fear that German taxpayers would be forced to underwrite indirectly the losses of banks in the distressed countries of the eurozone periphery. This fear may now ease.
这种理解——即欧洲纳税人并不需要拯救所有陷入困境的银行——也许会有非常有利的影响，因为德国抵制银行联盟是出于某种恐惧——它害怕德国纳税人会被迫间接承担那些面临困境的欧元区外围国家的银行损失。现在这种恐惧可以缓解了。