First, the good news: The fear that Europe’s banks could collapse, with panicked investors’ flight to safety producing a European Great Depression, now seems to have passed. Likewise, the fear, fueled entirely by the European Union’s dysfunctional politics, that eurozone governments might default – thereby causing the same dire consequences – has begun to dissipate.
先来说说好消息：人们对欧洲银行陷入崩溃、惊慌失措的投资者拼命逃生而导致欧洲陷入萧条的恐惧现在似乎已经过去。同样，完全因欧盟政治运转不畅导致欧元区政府违约、进而造成同样可怕后果的担忧现在也似乎正渐渐散去。