The eurozone, as designed, has failed. It was based on a set of principles that have proved unworkable at the first contact with a financial and fiscal crisis. It has only two options: to go forwards towards a closer union or backwards towards at least partial dissolution. This is what is at stake.
歐洲人最初設計規劃的那個歐元區已解體。事實證明，它所基于的原則在與金融危機和財政危機首次交鋒時就敗下陣來。如今它只有兩個選擇：要么繼續前進，建立一個更緊密的聯盟，要么倒退，至少部分解體。這就是目前的危險所在。
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