欧洲主权债务危机的重要原因在于欧元区国家之间缺乏有效的财政合作机制,其实质是单一货币条件下的财政危机,提供流动性和债务减记虽然可以暂时和个别地解决清偿能力问题,但是问题的最终解决和保证财政的可持续性必须依靠有效的财政合作机制,即建立某种程度和某种形式的财政联盟。 The main reason for the European sovereign debt crisis is the lack of an effective mechanism for financial cooperation among euro zone countries. In essence, it is a fiscal crisis under single currency conditions. Providing liquidity and debt write-downs can solve the solvency issue temporarily and individually The ultimate solution to the problem and the assurance of fiscal sustainability must rely on an effective financial cooperation mechanism, namely, to some extent and some form of financial alliance.