The turmoil produced by the Italian elections has directed attention back to where it should have been all along – to the politics of the eurozone crisis. We have had six months of complacency, rising stock markets and wishful thinking. The conventional wisdom was that the crisis had been contained, with Ireland recovering and the risk of a Greek exit from the eurozone reduced. But this view always ignored the politics.
義大利選舉引發的亂象使人們把注意力放回本應始終關注的地方——歐元區危機的政治層面。在過去六個月內,我們沾沾自喜,一廂情願,而股市也在上漲。普遍的看法是,隨著愛爾蘭逐漸復甦和希臘退出歐元區風險降低,危機已得到遏制。但這一觀點往往忽視了政治。
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