It is difficult to see how the cycle of austerity, economic contraction, contagion, and financial retrenchment can be broken without the promise of substantial ECB support for sovereign debts.
如果欧洲央行不为这些主权债务提供实质上的支持,我们很难看到如何打破这一轮严酷的经济收缩,金融风暴,以及财政紧缩的循环。