Will the eurozone survive in its current form? To address this question, we need to consider three more precise issues. First, how likely is a wave of sovereign defaults? Second, will the eurozone make the changes needed to prevent these? Third, could the eurozone survive them? My answers, in turn, are: quite likely; probably not; and perhaps – but not with certainty.
歐元區能否以當前形態繼續存在?要想回答這個問題,我們必須考慮以下三個更確切的問題。首先,爆發主權債務違約潮的可能性有多大?其次,歐元區會做出防止主權違約所需要的改變嗎?第三,主權債務違約后,歐元區還能繼續存在嗎?我的答案分別是:很可能;很可能不會;可能——但不確定。
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