Nearly two years after Europe’s sovereign debt crisis erupted, market and political uncertainty are worse than ever. Fear about states’ ability to service their debts is now set on a self-reinforcing course which, absent a radical shift in market psychology, could hit the very core of the eurozone. What is needed is nothing short of moving voters and markets from a mood of self-fulfilling pessimism to one of confidence in the future. So far leaders have failed at this task.
在歐債危機爆發已近兩年的今天,市場和政治不確定性比以往任何時候都要嚴重。人們對某些國家償債能力的擔心,正處在一個自我強化的過程中。如果市場心理不發生根本性變化,這種擔心可能會對歐元區的核心理念造成衝擊。幫助選民和市場擺脫自我實現的悲觀情緒、重拾對未來的信心,恰恰是我們現在需要做的。但迄今爲止,可以說歐洲各國領導人並沒有完成這項任務。