欧债危机:治理困境和应对举措

欧洲主权债务危机揭示了欧元区重债国家公共财政的不可持续,同时也将欧元区治理结构的弊端暴露无遗。欧盟受其利益多元和政治体制复杂性以及法律框架的制约,难以独立做出迅速和有效的危机应对举措。因此,债务危机的解决方式不可能立竿见影,这一软肋充分暴露在市场面前,使危机短期内可能不断反复。欧盟国家要走出债务危机,短期内需建立防火墙,控制危机大蔓延,同时大力削减公共财政赤字,尽快恢复市场信心;中期则需改进欧元区的治理结构,加强财政协调和监督;若要最终走出危机,则需提高经济竞争力,促进经济增长,促使公共财政走入良性循环。

European Sovereign Debt Crisis:Governance Dilemma and Countermeasures

The European sovereign debt crisis exposes the unsustainability of the public finance in the debt-ridden euro countries and the deficiencies of the governance structure of the euro zone.Constrained by diversified interests,the complicated political system and the legal framework,it is difficult for the EU to react to the crisis rapidly and effectively,which decides that it must take a long time for the countermeasures to take effect.For the EU countries to get rid of the debt crisis,in the short term,a firewall must be built up to prevent the widespread contagion of the crisis;while in the medium term,the governance structure of the euro zone must be improved and fiscal coordination and supervision consolidated.But to finally resolve the crisis depends on enhancing competitiveness,promoting economic growth and leading public finance into a sound cycle of development.