传染风险阻碍了债务重组有批评指出,“对希腊的金融援助最终都付给外国银行了”。有关这一点,布兰查德教授并不认同。首先,传染风险确实存在,并且难以消除,再加上全球金融危机期间,有关雷曼兄弟破产后一系列金融风险传染的回忆,至今仍让人心有余悸。在希腊问题上,债务减免必然意味着债权人的损失。那么,本质的问题应该是为了防止传染大规模扩大,所相应付出的成本在各方间如何分担。在国际货币 Risk of contagion hindering debt restructuring There are criticisms that “financial aid to Greece will ultimately be paid to foreign banks.” Professor Blanchard does not agree with this point. First, the contagion risks do exist and are hard to dispel. Coupled with the memory of a series of financial risk contagion following the bankruptcy of Lehman Brothers during the global financial crisis, there remains a problem of persecution. On the Greek issue, debt relief necessarily means the loss of creditors. So, the essential question should be to prevent the large-scale spread of the infection, and the corresponding costs will be shared among all parties. In the international currency