Like the U. s., the euro zone may see its growth slow significantly later this year, especially if weaker Asian demand takes steam away from German exports.

跟美国一样，欧元区今年下半年的经济增速可能明显放缓，尤其是考虑到如果进一步走弱的亚洲需求消弱德国出口。

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Stable growth is important. If the euro zone were to slow further, rates would stay low, but volatility in the euro would increase, making it harder to profit from carry trades.

经济稳定成长至关重要。若欧元区经济成长进一步放缓，利率将维持低档，但欧元的波动率将增加，因此将更难自利差交易中获利。

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Pulitzer Prize-winning columnist Charles Krauthammer is not alone in arguing that the euro-zone disease, unless cured, might well turn slow growth in the U.S. into recession, and scupper any chance President Barack Obama has of avoiding a forced return to Chicago in 2013.

WSJ: Agenda | Irwin Stelzer: Euro-Zone Shark Still Has Its Appetite