欧元区大坝上的蚁穴

普林斯顿—所有人的眼睛都盯着欧洲外围国,然则核心区安否?德国央行将其2013年德国年GDP增长预期降低到了0.4%。荷兰央行预计今年荷兰GDP将下降0.5%,2014年降幅还将扩大。

欧元区危机或许正在步入第三阶段。第一阶段始于2008年春,北大西洋危机从美国转移到了欧元区。欧元区银行承压,银行间市场开始紧张起来。

第二阶段始于2009年春,危机蔓延到主权债务,因为投资者越来越担心支持银行会拖累政府财政。反过来,主权弱势导致银行风险增加,银行和母国政府成了一条绳上的蚂蚱。

To continue reading, please log in or enter your email address.

To continue reading, please log in or register now. After entering your email, you'll have access to two free articles every month. For unlimited access to Project Syndicate, subscribe now.

required

By proceeding, you are agreeing to our Terms and Conditions.

Log in

http://prosyn.org/uoJGR6H/zh;

Cookies and Privacy

We use cookies to improve your experience on our website. To find out more, read our updated cookie policy and privacy policy.