In brief, a conditional programme of bond purchases, implemented against the opposition of the Bundesbank, just cannot make the eurozone credibly irreversible. 简言之,在德国央行反对的情况下实施的有条件债券购买计划,无法可信地保证欧元区的不可逆性。
Instead of a complex programme of conditional government bond purchases, the ECB should be delivering a broad-based monetary stimulus. 欧洲央行不应该推出一个复杂的有条件的政府债券购买计划,而应该出台一项广泛的货币刺激举措。