European leaders must move beyond the increasingly implausible mantra of “belt-tightening today; full bellies tomorrow,” and recognize that, at its core, the euro crisis is a political crisis. Rather than focus on quick policy fixes, Europe’s leaders need to pursue long-term solutions.
欧洲领导人必须超越越来越不得人心的“今天勒紧裤腰带，明天敞开随便吃”的教条，明白从本质上讲，欧元危机是一场政治危机。欧洲领导人不应该纠结于政策速效药，而应该追求长期解决方案。而这包括了新的社会契约。