Doubts about the merits of holding euro reserves have been raised by poor co-ordination of policies-from deposit guarantees to bank bail-outs and fiscal packages-in response to the credit crisis.

对持有欧元储备好处的质疑，亦因为各国在对抗信贷危机政策上–从储蓄担保到银行救援与财政刺激–的糟糕合作而有所增强。

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The minimum of bank risk is capabilities of fiscal subsidy and clearing individual deposit.

银行风险的底限在于财政有能力补贴、清算居民存款。

youdao

This should have access to joint resolution funds and deposit guarantees (financed at least in part by the industry itself) and some kind of a European fiscal backstop.

ECONOMIST: Charlemagne