Why is Spain paying higher interest rates on its government debt than the UK? The answer to this question is illuminating: membership of a currency union makes a country fiscally fragile. This is inherent in the construction: members are neither sovereign states nor components of a federation. The big challenge for the eurozone is to resolve this contradiction.
為什么西班牙政府債務(wù)支付的利率水平高于英國?這個(gè)問題的答案具有啟迪意義——加入貨幣聯(lián)盟,會(huì)讓一個(gè)國家在財(cái)政上變得脆弱。這是聯(lián)盟的結(jié)構(gòu)所決定的——其成員既不完全獨(dú)立自主,也不是一種聯(lián)邦制度的組成部分。如何解決這一矛盾,是歐元區(qū)面臨的一大挑戰(zhàn)。
您已閱讀5%(483字),剩余95%(8351字)包含更多重要信息,訂閱以繼續(xù)探索完整內(nèi)容,并享受更多專屬服務(wù)。