The European Central Bank has been widely criticised for announcing that while it stands ready to buy sovereign bonds, this is conditional upon countries asking for support from eurozone bailout programmes and accepting “strict and effective conditionality”. Bond purchases could buy time. But a bond buying programme that does not require policy changes would contribute nothing to addressing the eurozone crisis and would pose risks, including digging deeper debt, growth and banking holes.
歐洲央行(ECB)宣稱,盡管隨時(shí)準(zhǔn)備出手買進(jìn)主權(quán)債券,但這要看要求獲得歐元區(qū)紓困計(jì)劃支持、接受“嚴(yán)厲、有效條件”的國家的具體情況而定。這種說法使其飽受批評。購買債券可以贏得時(shí)間。但不要求實(shí)施政策改革的債券購買計(jì)劃無助于化解歐元區(qū)危機(jī),而且還會(huì)帶來風(fēng)險(xiǎn),包括加重債務(wù)、經(jīng)濟(jì)增長和銀行業(yè)等方面的問題。