Proposals to limit moral hazard, meanwhile, would do so by limiting Eurobonds to 60% of GDP – the eurozone’s current ceiling for member states’ public debt. A more substantial constraint would be to establish a tougher disciplinary regime on fiscally profligate countries as part of a reinforced institutional framework.
与此同时，限制道德风险的方案将把欧元债券规模限制在GDP的60%以内，亦即欧元区目前为成员国设定的公债上限。一个更重要的约束是为财政挥霍国设立更为严格的纪律机制，并将其作为强化制度框架的一部分。