Will the eurozone survive? The leaders of France and Germany have now raised this question, for the case of Greece. If policymakers had understood two decades ago what they know now, they would never have launched the single currency. Only fear of the consequences of a break up is now keeping it together. The question is whether that will be enough. I suspect the answer is: no.
歐元區是否會繼續存在?法國和德國領導人現在因爲希臘的緣故提出了這個問題。如果政策制定者們20年前就明白他們今天明白的道理,那麼他們根本就不會推出歐元。眼下歐元區之所以還抱成一團,只是因爲各方對解體帶來的後果感到恐懼。問題是,這一點是否足以維繫歐元區的存在。我想答案是否定的。
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