The continuing absence of such policies is the gravest threat to the euro. Unless that changes, markets will wake up to that risk – perhaps with a jolt – sooner or later.
欧洲需要增长战略将这个潜在的妖怪关回瓶中去。欧洲需要坚持更低通胀、更高景气的承诺。持续缺乏这类政策是对欧元最大的威胁。除非这种状态有所改变，市场迟早会意识到这一风险——或许是以大颠簸的方式。