WASHINGTON, DC – While some observers argue that the key lesson of the eurozone’s baptism by fire is that greater fiscal and banking integration are needed to sustain the currency union, many economists pointed this out even before the euro’s introduction in 1999. The real lessons of the euro crisis lie elsewhere – and they are genuinely new and surprising.
华盛顿—一些观察者认为欧元区洗礼的关键教训是需要更深入的银行一体化来维持货币联盟，但许多经济学家在1999年引入欧元之前就已经指出了这一点。欧元危机的真正教训并不在此，它们不但全新，而且令人惊讶。