The euro has become the prisoner of a playground game of “you-go-first”. Everyone — almost — knows what needs to be done, even if some resile from admitting it. The necessary ingredients are growth, competitiveness and sustainable debt and deficits. The missing glue is trust.
歐元已經淪爲操場遊戲「你先跳」中的囚徒。幾乎每個人都知道需要做什麼，即使有些人並不願意承認。當前所需要的是成長、競爭力和可以爲繼的債務與赤字，而缺失的是信任。
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