Most importantly, while the average debt/GDP ratio is no higher than it is in other advanced countries, and consolidation efforts started earlier, the eurozone has been mired in a severe crisis of confidence for the past two years. This points to a systemic dimension of the crisis that cannot be reduced to profligate behavior by fiscal sinners.
但欧元区债务危机具有鲜明的特征。最重要的是，在平均债务/ GDP占比位居发达国家之首、而且整顿工作已全面开始的情况下，欧元区在过去两年中已经陷入严重的信心危机。这直接指向了危机的制度层面，仅仅归咎于财政过错者的挥霍行为恐怕无法解释。