欧洲主权债务危机影响了我国的出口,也使世界经济的复苏蒙上了阴影,但欧洲债务危机对中国最重要的影响是给中国的债务管理敲响了警钟。在扩大内需、刺激经济需求下,我国地方政府融资也规模不断扩大,加之地方政府存在大量的隐性债务,债务风险增大。地方债务治理不当,会对我国经济、社会的可持续发展造成不利影响。合理划分中央和地方的财权和事权,建立地方政府债务的风险控制机制刻不容缓。 The sovereign debt crisis in Europe has affected China’s exports and cast a shadow over the global economic recovery. However, the most important impact of the European debt crisis on China is a wake-up call to China’s debt management. Under the circumstances of expanding domestic demand and stimulating economic demand, the scale of local government financing in our country is expanding constantly. In addition, there is a large amount of hidden debt in local governments and the debt risk increases. Improper management of local debts will adversely affect the sustainable development of our economy and society. It is imperative to establish a proper risk control mechanism for local government debt by reasonably dividing the fiscal and administrative powers at the central and local levels.