A camel, it is said, is a horse designed by a committee. This is unfair to camels, which are well-adapted to their harsh environment. The same, alas, cannot be said of eurozone rescue programmes. The proposed Cyprus intervention, rejected yesterday by the Nicosia parliament, will not help the eurozone make a smooth exit from its wave of crises. Indeed, the imbroglio should serve as a lesson in how not to deal with financial and sovereign debt problems.
有人說,駱駝是委員會設計出來的馬。這話對駱駝不太公平:它們成功地適應了惡劣的生活環境。可惜,世人無法對歐元區紓困計劃作出同樣的評價。近日遭塞普勒斯議會否決的干預案,將無助於歐元區順利擺脫一連串的危機。的確,這一紛亂局面成了處理金融和主權債務問題的反面教材。
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