First Greece, then Portugal, and then what? The project of European monetary union is entering the most dangerous phase in its 11-year history. Last week, eurozone governments started preparations, for the first time, to bail out one of their fellow members. Greece will probably require a bridging loan at some point. Portugal might too. But they are small countries. No matter what happens, it will not break the euro.
先是希臘，然後是葡萄牙，接下來是哪個國家？歐洲貨幣聯盟(EMU)正進入誕生11年以來的最危險階段。上週，歐元區各國政府首次開始爲紓困某一成員國著手準備。希臘到時候很可能會要求獲得一筆過渡性貸款，葡萄牙可能也需要。但它們都是小國，無論怎樣都不會擊垮歐元。
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