The greatest threat to global financial stability today is the eurozone debt crisis. Europe can and should contain this threat by itself, for its own sake and that of world economy. But this is no reason to turn down the International Monetary Fund’s request for increased resources. Financial stability is a global public good, and the Fund’s members should equip it to safeguard that good without abdicating their own responsibilities.
當今全球金融穩定面對的最大威脅是歐元區債務危機。歐洲能夠、而且應當自行遏制這個威脅——爲了自己,也爲了世界經濟。但這不是拒絕國際貨幣基金組織(IMF)增資請求的理由。金融穩定符合全球利益,IMF成員國應當爲該組織配備足夠資源來保障金融穩定,同時不放棄它們各自的責任。
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