The latest injection of funding by the European Central Bank into the eurozone banking system via its longer-term refinancing operations will only postpone – not prevent – further crises on the continent. As European Union leaders prepare to sign off on the second Greek bail-out in Brussels on Friday, it is clear that we have not solved the debt problem at the heart of the eurozone.
歐洲央行(ECB)最近通過長期再融資操作(LTRO)向歐元區銀行業體系注入了資金。此舉只會延緩、而不會阻止歐洲大陸發生更多的危機。歐盟(EU)領導人上周五在布魯塞爾簽署了第二輪希臘紓困方案，但我們無疑還沒有解決歐元區最核心的債務問題。
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