The architects of the euro knew that it was incomplete when they designed it. The currency had a common central bank but no common treasury – unavoidable given that the Maastricht treaty was meant to bring about monetary union without political union. The authorities were confident, however, that if and when the euro ran into a crisis they would be able to overcome it. After all, that is how the European Union was created, taking one step at a time, knowing full well that additional steps would be required.
歐元的設計者在設計這種貨幣的時候，就知道它尚不完善。歐元有一個共同的央行，但沒有共同的財政部——鑑於《馬斯垂克條約》(Maastricht Treaty)的本意是在不締結政治聯盟的條件下，成立一個貨幣聯盟，這種情況是不可避免的。然而，各國政府當時自信地認爲，如果歐元陷入危機，他們將有能力克服。畢竟，歐盟(EU)就是這樣創造出來的：每次走一步，同時完全清楚要採取額外的步驟。
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