Its current bailout schemes only help countries like Greece and Italy to borrow money cheaply in the face of prohibitively high market interest rates, while the schemes’ insistence on more budget-deficit reduction in these countries will reduce European purchasing power further. The recipient governments will have to cut their spending; the banks will have to take large losses.
欧盟急需增长战略。其当前援助机制只能帮助像希腊和意大利那样的国家在市场利率畸高时一较低成本借钱，但该机制坚持这些国家必须进一步削减预算赤字，这会恶化欧洲人的购买力。接受这一机制的政府将不得不削减支出；银行将不得不承受巨额损失。