Only mutualization of debt issuance can generate the low (risk-free) interest rate needed to enable these countries to put their public finances on a sound footing and lay the basis for a return to economic growth. All eurozone countries should, therefore, finance debt by issuing bonds that would be jointly guaranteed by all member states.
只有债务发行的共同化能够产生这一低（无风险）利率——让这些国家公共财政站稳脚跟、给经济恢复增长打下基础的利率。因此，所有欧元区国家都应该通过发行由所有成员国共同担保的债券来为财政债务融资。