我们必须完成1990年代未完成的任务,即建立货币联盟的同时,建立财政联盟。如果我们做不到,危机永远得不到解决。没人认为危机会通过欧洲央行无限制地印刷钞票,或引入所谓的欧元债券而得到解决,这样做遏制了每一个高赤字国家削弱赤字的动力,换句话说,这只会加重道德风险。 We must accomplish the unfinished task of the 1990s, namely, the establishment of a monetary union and the establishment of a fiscal union. If we can not do that, the crisis will never be solved. No one believes that the crisis will be solved by the European Central Bank printing money indefinitely, or by introducing so-called euro bonds, thus curbing the driving force behind deficit reduction in every high-deficit country. In other words, it will only increase moral hazard.