Such a debt-conversion program would offer five benefits. For starters, unlike the ECB’s current quantitative easing, it would involve no debt monetization.
这一债务转换计划能提供五个好处。首先，与欧洲央行目前的量化宽松不同，它没有将债务货币化。因此不存在导致资产价格泡沫的风险。