如果欧洲（特别是欧洲央行）可以借款并转手放贷，那么欧洲债务的维持成本就会下降，从而为刺激增长和就业的支出创造空间。
If Europe – particularly the European Central Bank – were to borrow, and re-lend the proceeds, the costs of servicing Europe’s debt would fall, creating room for the kinds of expenditure that would promote growth and employment.