NEW YORK – It is now clear that the main cause of the euro crisis is the member states’ surrender of their right to print money to the European Central Bank. They did not understand just what that surrender entailed – and neither did the European authorities.
纽约—如今，欧元危机的主要原因已经昭然若揭，那就是成员国将印钱的权利交给了欧洲央行。它们没有弄清楚把印钞大权上交意味着什么——欧洲当局也没有。