Moreover, international investors can buy and sell real estate far more easily in the US than in most of Europe. And the absence of a Europe-wide fiscal policy creates significant uncertainty about how the European Central Bank would finance itself if it suddenly faced large losses on junk bank debt after a big bailout.
不仅如此，国际投资者在美国购买和出售不动产的便利程度要远远超过多数欧洲国家。而缺少全欧范围内统一的财政政策导致在大规模紧急援助后突然面对巨额不良债务时，欧洲央行自身的融资渠道还存在很大的不确定性。