When Mario Draghi’s name was first mooted as a successor to Jean-Claude Trichet at the helm of the European Central Bank, some worried that an Italian would throw monetary restraint to the wind and let the money presses run day and night. How wrong they were. The real worry is that, as Greek euro membership is in the balance and Italian bond yields hit record highs, Mr Draghi may be disciplined to an excess.
當馬里奧•德拉吉(Mario Draghi)的名字首次出現在接替讓-克勞德•特里謝(Jean-Claude Trichet)執掌歐洲央行(ECB)的人選名單上時,一些人擔心,一個義大利人會把貨幣緊縮意識拋到九霄雲外,讓印鈔機日夜不停地運轉。他們錯了。如今,鑑於希臘是否繼續留在歐元區尚不明確以及義大利債券收益率觸及創紀錄高位,真正令人擔憂的是,德拉吉在行動上可能過於剋制。
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