For Europe’s leaders, the withdrawal by France and Italy from the fiscal compact should serve as a clear sign that the mutualization model is not working for the eurozone, either. Following the Fed’s example, the ECB should abolish its OMT program – which, according to Germany’s Constitutional Court, does not comply with EU treaty law anyway.
对欧洲领导人来说，法国和意大利从财政契约中退出应该是一个明确的信号，共同化模式已不再适用于欧元区。欧洲央行应该效仿美联储，放弃其OMT计划&mdash;&mdash;根据德国宪法法院的裁决，OMT无论如何都不符合欧盟条约法。