Indeed, the EU’s critical French-German axis was held together by the conviction that political order in a democracy depended on the security of debt. In Germany, the expropriation of two generations of middle-class bond holders was seen as the outcome of the Kaiser’s war, and then of Hitler’s war – in other words, a result of democratic failure.
事实上，欧盟的法德轴心就是源自于这样一个信条：民主政体的政治秩序必须在确保政府债务安全性的情况下才能实现。在德国，对两代中产阶级债券持有人的剥夺被看作是德国皇帝战争以及随后希特勒战争所导致的恶果——换言之，这意味着民主制度的失败。