But for what purpose? Particularly by guaranteeing highly indebted countries’ sovereign bonds, the ECB has actually weakened the willingness to reform, particularly in the larger European Union countries, whose decrepit economic structures are an obstacle to potential growth, and where more room must be given to private initiative.
但其目的何在？欧洲央行的行为，特别是担保高负债国家主权债券的行为，实际上削弱了改革意愿，特别是在过时的济结构已成为潜在增长障碍的欧盟中较大的国家以及必须给私人行动更大空间的领域。