A third point of view is that, given the massive financial crisis, Europe’s debt problem should have been diagnosed as an insolvency problem from the start, and treated with debt restructuring and forgiveness, aided by moderately elevated inflation and structural reform. This has been my viewpoint since the crisis began.
第三种观点是，在严重的金融危机面前，欧洲债务问题应该从一开始就被诊断为偿债能力问题，并用债务重组和豁免来治疗，辅之以略微提高的通胀和结构改革。这也是危机爆发以来我的观点。