In the short term, the liability union is to be implemented by the European Central Bank, whose independence will once again be held up as sacred in Berlin, providing a European fig leaf for Germany’s domestic-policy priorities. From this point of view, Merkel should be grateful to Cameron for the distraction that he created in Brussels.
在短期上，责任分配协议应该由欧洲中央银行来实施，而其独立性也会在柏林再一次被视为神圣不可侵犯，使其变成德国国内政策利益的一块欧洲遮羞布。有见及此，默克尔应该感谢卡梅伦在布鲁塞尔的行为分散了大家的注意。