围绕财政政策的激烈争吵(即针对提高债务上限条件的争论)所造成的冲击,反而导致了投资者更加追捧、而不是逃离美国国债。
A shock caused by a huge fight over fiscal policy - the debate over the terms on which to raise the debt ceiling - has caused a run into, not out of, us government bonds.
解决方案显而易见:必须允许赤字国家按照与盈余国家相同的条件,为自己的债务再融资。
The solution is obvious: deficit countries must be allowed to refinance their debt on the same terms as surplus countries.
这需要胆量,虽然这正是欧洲的决策制定者所缺乏的,但这是收拾欧洲债务烂摊子的先决条件。
That will require a boldness that Europe’s policymakers have lacked. But it is a prerequisite for drawing a line under the European debt mess.
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