We are on the cusp of another economic policy error in the eurozone. Its roots lie in a mixture of complacency about coronavirus and a deep-seated belief that monetary policy has no ammunition left when interest rates are negative and that fiscal policy is, by nature, constrained.
歐元區看來又將犯下一個經濟政策錯誤。其根源在於對新型冠狀病毒漫不經心，疊加一種根深蒂固的觀念，認爲當利率爲負時貨幣政策再無彈藥可用，而財政政策天然受限。
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