The endgame for Greece is approaching. Eurozone policymakers appear to accept that the country is insolvent. That comes a bit late, but not too late. The eurozone now faces two formidable tasks: to quarantine Greece, and to fortify the bloc’s core, especially Italy, to reduce the risk of contagion. These require policymakers to be brave enough to make some tough choices.
希臘危機已接近最后攤牌時刻。歐元區政策制定者似乎已接受希臘無力償債的事實。這個認識來得有點晚，但還不算太遲。歐元區眼下面臨著兩大艱巨任務，一方面要隔離希臘，另一方面要鞏固歐元區的核心國家（尤其是意大利），以降低危機蔓延的風險。要完成這些任務，政策制定者需有足夠的勇氣，做出一些艱難抉擇。
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