BRUSSELS – The misguided belief that “this time is different” led policymakers to permit the credit boom of the early 2000’s to continue for too long, thus preparing the ground for the biggest financial crisis in living memory. But now, when it comes to recovery, the belief that this time should not be different might be equally dangerous.
发自布鲁塞尔——“这次与以往不同”的错误理念导致政策制定者们纵容2000年代初的信贷繁荣持续时间过长，并因此为我们记忆中最严重的金融危机埋下了伏笔。而今复苏开始之时，那种认为这次不应与以往不同的理念也可能是同样危险的。