If Europe has allowed these debts to move from the private sector to the public sector – a well-established pattern over the past half-century – it is Europe, not Greece, that should bear the consequences. Indeed, Greece’s current plight, including the massive run-up in the debt ratio,&nbsp;is largely the fault of the misguided troika programs foisted on it.
这纯熟无稽之谈。如果你脑子正常过，你认为会有国家愿意让自己走希腊的老路，只是为了从债权人那里获得免费的午餐？如果存在道德风险，也是在反复得到援助的贷款人这一侧&mdash;&mdash;特别是私人部门。如果欧洲允许这些债务从私人部门转移到公共部门&mdash;&mdash;过去半个世纪都是这么做的&mdash;&mdash;那么是欧洲而不是希腊应该承受后果。事实上，希腊目前的窘境，包括债务比率的大幅上升，主要是三驾马车对它试驾了错误的措施导致的。