通过这样做，它们可以绕过中央银行和主权财富基金，自己来直接再循环过剩存款。
By doing so they would be bypassing central Banks and sovereign-wealth funds, recycling excess savings directly themselves.
与此同时，欧洲中央银行基金的可靠性在提高。
In the meantime, reliance on European Central Bank funding is increasing.
让中央银行和主权财富基金承担货币风险要好得多。
Far better for the currency risk to be borne by the central bank and sovereign-wealth funds.
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