Indeed, it is remarkable that there has not been more capital flight. Europe’s leaders did not recognize this rising danger, which could easily be averted by a common guarantee, which would simultaneously correct the market distortion arising from the differential implicit subsidy.
在缺乏公平竞争的环境下，为什么资金不应该逃离较弱的国家，去更强大的金融机构呢？确实，令人奇怪的是没有更多的资本外流。欧洲领导人没有意识到这一危险在不断上升，而这一危险本通过共同担保就可以很容易地被避免掉，同时也能纠正由不同的隐性补贴引起的市场扭曲状况。