In fact, one would be hard pressed to find broad agreement with Hollande’s assessment anywhere in Europe. Before the recent Italian election, financial markets showed signs of optimism, encouraged by the European Central Bank’s policy of guaranteeing eurozone members’ sovereign debt, expanding its balance sheet, and lowering interest rates.
事实上，放眼欧洲，你很难找到对奥朗德观点的广泛认同。意大利最近的选举前，受欧洲央行担保欧元区成员国主权债务、扩大其资产负债表并降低利率的政策的刺激，金融市场释放出乐观信号。债券持有人因利率下降而获益。但南欧重债国的失业仍在上升，产出继续滞后于德国和其他北欧国家。