Today, members of Europe’s periphery are faced with the inverse of Pascal’s wager. The potential devastation wreaked by the break-up of the currency union is so great that it makes sense to take precautionary actions however unlikely that outcome may be. Unfortunately, the protective measures that Spaniards and others are taking have dire economic consequences. As a result, they raise the probability of a worst-case outcome.
今天,歐洲邊緣成員國(guó)正面臨“帕斯卡賭注”的相反情形。貨幣同盟分裂的潛在破壞性如此嚴(yán)重,因此,盡管出現(xiàn)這種結(jié)果的可能性極小,采取預(yù)防措施是合情合理的。遺憾的是,西班牙和其他國(guó)家眼下采取的防御性措施會(huì)引發(fā)糟糕的經(jīng)濟(jì)后果。出現(xiàn)最惡劣結(jié)果的可能性因此大大提高。
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