Vague plans for a fiscal union seem to depend on a bargain in which Germany agrees to transfer money to debtor countries but the debtors agree to limits on their ability to run a deficit.

建立一个财政联盟的计划还不是很清晰。德国同意给债务国输送资金，而债务国接受对其设定的赤字规模上限，计划的实施好像还要看这场拉锯战的结果。

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Euro-dreamers say a fiscal-transfer union could be built on the legitimacy of the European Parliament.

ECONOMIST: Charlemagne

Vague plans for a fiscal union seem to depend on a bargain in which Germany agrees to transfer money to debtor countries but the debtors agree to limits on their ability to run a deficit.

ECONOMIST: Market discipline works when other controls fail