CAMBRIDGE – In the summer of 2012, European Central Bank President Mario Draghi pledged to do “whatever it takes” to save the euro, including purchasing “unlimited” amounts of struggling governments’ bonds. The move, which has come to be known as the “Draghi put,” almost immediately reduced borrowing costs for Spain and Italy, and is widely touted as having pulled the eurozone back from the brink of disaster – without ever using the so-called “outright monetary transactions.”
发自剑桥——在2012年夏季，欧洲中央银行行长马里奥·德拉吉发誓要“使用一切手段”去拯救欧元，包括购买“无上限”数量的受灾国政府债券。这个人们称之为“德拉吉对策”的举动几乎立刻降低了西班牙和意大利的融资成本，也得到了广泛宣扬，被认为是将欧元区从灾难的边缘拉了回来——而无需动用所谓的“直接货币交易”(Outright Monetary Transactions）手段。