The LTRO money that banks received on such easy terms, we must recall, took the form of three-year loans, which implies a wall of debt repayment in December 2014 and February 2015. If Europe succeeds in making major fiscal and banking reforms and gets its economy in order, Edward will lose steam.
我们必须记住，银行轻而易举就以三年期贷款的形式获得了LTRO资金，这意味着在2014年12月至2015年2月，它们将面临债务偿付墙。如果欧洲成功地实施了大规模财政和银行改革，并让经济重回正轨，那么爱德华将失去能量。若非如此，则危机将持续，爱德华将在2014年末登陆，欧洲将被摧毁。