The new banking union, however imperfect, and the European Central Bank’s vow to save the euro by doing “whatever it takes,” are essential to sustaining the monetary union. Another crucial innovation has been the development of the European Stability Mechanism, which, like the International Monetary Fund, has the capacity to execute vast financial bailouts, subject to conditionality.
诚然，自2010年初希腊危机首次爆发以来已经有了不少政策和制度改进。新的银行联盟（不论多么不完美）和欧洲央行“不惜一切代价”拯救欧元的誓言对于维持货币联盟至关重要。另一个关键创新是欧洲稳定性机制（European Stability Mechanism），与IMF一样，它有能力执行大规模有条件的金融援助。