The problem is that democracies have yet to learn how to manage debt effectively. While political union may stabilize the euro, it will not sustain or strengthen democracy unless Europe’s leaders address this critical failing.
事实上，在债务融资腐蚀自我管治的方面，为党派利益而滥用债务上限的行为变得越来越常见。问题在于民主体制还未找到有效管理债务的方法。虽然政治联盟或许可以稳定欧元，但除非欧洲领导人们能够解决这一重大缺陷，否则就无法维持和加强民主制度。