The ECB has been providing virtually all of its refinancing credit to the eurozone’s five crisis-stricken countries: Italy, Spain, Portugal, Greece, and Ireland. All the money circulating in the eurozone originated in these five countries and was then largely used to buy goods and assets in the northern member countries and redeem foreign debt taken from them.
欧洲央行几乎将所有再融资信用都给了欧元区五大危机国：意大利、西班牙、葡萄牙、希腊和爱尔兰。流通于欧元区的所有资金都产生于这五个国家，并随后大部分用于购买北欧成员国商品和资产以及偿还外国债务。