If savers in Portuguese banks start moving their money to Germany, the ECB will recycle these euros back to Portugal through interbank deposits. Again, there is no limit to how much money the ECB can recycle, provided Portuguese banks remain solvent – which they will, so long as the ECB continues to buy Portuguese government bonds.
如果葡萄牙银行储蓄者开始将钱转移到德国，欧洲央行可以回收这些欧元，通过银行间存款重新注入葡萄牙。而欧洲央行所能回收的资金量也是无穷的，只要葡萄牙银行不破产——而葡萄牙银行不会破产，只要欧洲央行一直购买葡萄牙政府债券。