Europe is facing its toughest test ever. The debt crisis brutally revealed all the cracks in the economic and monetary union: also, the decade-long accumulation of public debt and lack of competitiveness of some national economies, as well as shortcomings of the European treaties. Despite the European Union’s most strenuous efforts, it has not yet won back the confidence of financial markets.
歐洲正面臨迄今最為嚴峻的考驗。這場債務危機無情地暴露了歐洲經濟和貨幣聯盟的所有漏洞，也暴露了如下問題：十年來一些國家公共債務高筑，經濟缺乏競爭力，歐洲條約也存在缺陷。盡管歐盟(EU)盡了最大的努力，仍然未能挽回金融市場的信心。
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