There is an alternative scenario, which does address the underlying institutional challenge and that is a fiscal union led by Germany.
还有另外一种可能，确实可以解决根本的机构性挑战，这就是组建一个由德国领导的财政联盟。
To solve the problem, we need first to address institutional deficiencies.
解决这个问题，首先，要从制度上入手。
To solve the problem, we need first to address institutional deficiencies.
解决这个问题，首先，要从制度上入手。
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