MUNICH – French Prime Minister Manuel Valls and his Italian counterpart, Matteo Renzi, have declared – or at least insinuated – that they will not comply with the fiscal compact to which all of the eurozone’s member countries agreed in 2012; instead, they intend to run up fresh debts. Their stance highlights a fundamental flaw in the structure of the European Monetary Union – one that Europe’s leaders must recognize and address before it is too late.
慕尼黑&mdash;法国总理瓦尔斯和他的意大利同侪伦齐宣布&mdash;&mdash;或者说，至少是暗示&mdash;&mdash;她们不会遵守2012年全部欧元区成员国一致同意的财政契约；相反，他们还想借点新债。他们的立场凸显出欧洲货币联盟结构的缺陷&mdash;&mdash;欧洲领导人必须在为时已晚之前认识并纠正这一漏洞。