????但卡泰蘭不只是西班牙的問題，也是整個(gè)歐洲面臨的一個(gè)問題，因?yàn)檫@預(yù)示歐元區(qū)構(gòu)建一個(gè)財(cái)政聯(lián)盟將遇到極大的困難。如果加泰羅尼亞居民不愿將他們的財(cái)富重新分配給臨近的西班牙省區(qū)，那么如果分配給塞爾維亞或塞浦路斯，他們會作何感想？而且，如果西班牙拒絕為了1,000億歐元救助而修復(fù)經(jīng)濟(jì)結(jié)構(gòu)性問題，什么才能讓他們將財(cái)政權(quán)力交給法蘭克福？

????眼下，西班牙向市場傳遞的一個(gè)信息非常有力：歐洲確實(shí)沒有準(zhǔn)備好，也不是非常迫切地想構(gòu)建一個(gè)更強(qiáng)大的財(cái)政聯(lián)盟。鑒于此，歐元可能難逃一劫。

????譯者：早稻米

????Yet the Catalan issue is not only a problem for Spain, it is also a problem for the whole of Europe as it suggests that the eurozone is going to have a very hard time forming a fiscal union. If Catalonians have a problem with redistributing their wealth to a neighboring Spanish state, how would they feel if it is redistributed to, say, Slovenia or Cyprus? And if Spain refuses to fix the structural problems in its economy for a 100 billion euro, what would it take for them to give up their fiscal power to Frankfurt?

????For now, Spain is sending a powerful message to the markets that Europe is indeed neither ready nor desperate enough to form a stronger fiscal union. With that the euro could be potentially doomed.