Europe’s monetary union is at the centre of a financial hurricane now closer than ever to tearing through the world economy and inflicting damage for years to come. The eurozone’s challenges are hardly insurmountable. The policies needed to end the crisis are hard, but feasible. Europe is on the brink because it is unable to muster the political will to do what it must.
眼下這場金融風暴正前所未有地瀕于摧毀全球經濟，并讓未來幾年都無法翻身，而歐洲貨幣聯(lián)盟就處在這場風暴的中心。歐元區(qū)面臨的挑戰(zhàn)并非不可化解。終結危機所需的政策相當有難度，但并非不可行。歐洲之所以會陷入崩潰邊緣，是因為它無法集結足夠的政治意愿，采取必要的行動。
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