Holders of bonds of the eurozone’s member states have now been put on notice that, when the going gets tough, the real sovereign, “We, the people,” might be asked whether they actually want to pay. And the answer might very well be an emphatic “no,” as opinion polls in Greece and the experience of Iceland (whose population twice voted down deals agreed by the Icelandic government) suggest is likely.
欧元区成员国债券的持有者现在已经得到了告示——当世道变得艰难时，真正的主权者，即“我们人民”，可能会被问及是否真的愿意偿付。而答案很可能是大声说出的“不”字，希腊的态度调查以及冰岛的经验（其人民两次否决了冰岛政府所同意的决定）都是明证。