The markets have concluded that the eurozone crisis has ended. Several politicians said that they, too, believed that the worst was over. Complacency is back. I recall similar utterances in the past. Whenever there is some technical progress – an umbrella, a liquidity injection, a successful debt swap – optimism returns.
市場得出結論：歐元區危機已經結束。一些政治家表示，他們也認為最糟糕的時候已經過去。自鳴得意的心態又回來了。我想起過去那些似曾相識的言論。但凡取得某種技術層面的進展后————某種保護機制、注入流動性、成功的債務置換——樂觀的情緒就會再次出現。
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