Europe is facing its toughest test ever. The debt crisis brutally revealed all the cracks in the economic and monetary union: also, the decade-long accumulation of public debt and lack of competitiveness of some national economies, as well as shortcomings of the European treaties. Despite the European Union’s most strenuous efforts, it has not yet won back the confidence of financial markets.
歐洲正面臨迄今最為嚴(yán)峻的考驗(yàn)。這場(chǎng)債務(wù)危機(jī)無情地暴露了歐洲經(jīng)濟(jì)和貨幣聯(lián)盟的所有漏洞，也暴露了如下問題：十年來一些國(guó)家公共債務(wù)高筑，經(jīng)濟(jì)缺乏競(jìng)爭(zhēng)力，歐洲條約也存在缺陷。盡管歐盟(EU)盡了最大的努力，仍然未能挽回金融市場(chǎng)的信心。
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