Nonetheless, Europe needs to be much more generous in permanently writing down debt and, even more urgently, in reducing short-term repayment flows. The first is necessary to reduce long-term uncertainty; the second is essential to facilitate near-term growth.
尽管如此，欧洲需要在持久减记债务方面表现出更大的慷慨，而更紧迫的则是更快地降低短期偿付流。前者是降低长期不确定性的必要条件，后者是促进短期增长的关键。