PRINCETON – In constructing Europe’s monetary union, political leaders did not think through all of the implications, which led to major design flaws. Worse, they do not appear to have learned from that experience, for they are about to take the same approach to the monetary union’s political analogue.
普林斯顿——在当年架构欧洲货币同盟时，欧洲国家的政治领袖们并没有把所有隐含后果一一想透，这就有了后来的几大设计缺陷。更有甚者，吃一堑却未长一智，如今，他们的后继者正打算用同样的方式打造欧洲政治同盟。