To be sure, Germany is justified in rejecting narrow-minded calls by France and Italy for unconditional fiscal expansion. After all, fiscal stimulus can work only if it supports private investment and is accompanied by much more ambitious structural reforms – the kind of reforms that France and Italy are currently resisting.
无可否认，德国完全有理由去拒绝有由法国和意大利提出的，极为短视的无条件财政扩张。毕竟只有在能支持私人投资并与更深层结构改革相结合的情况下，这类财政刺激手段才能奏效——而法国和意大利恰恰是这类改革的反对者。