The Germans have been insisting on institutional change – more centralized eurozone control over periphery banks and government budgets in exchange for expanded access to financing for the periphery. Yet institutional change, despite the euphoria that greeted the latest EU summit, will take time, for it requires careful structuring and broader public support.
德国人一直要求制度变革——对外围银行和政府预算实行中央化的欧元区控制，以此换取对外围国的融资支持。但制度变革——尽管在最近的欧盟峰会中得到了热烈欢迎——需要时间，因为这要求谨慎的构造和广泛的公众支持。