????但德國強烈反對這一想法。歐洲央行也反對，雖然官員們已經批準了其他舉措來遏制歐元區的債務危機，包括向幾家銀行提供廉價貸款，回購數千億歐元的國債。上周四，歐洲央行決定維持基準利率為1.0%，繼續頂住外界要求其采取更多措施提振歐元區疲弱經濟的壓力。

????不過，科克加德表示，歐洲央行還有大量必要時可動用的彈藥，但歐洲央行從來不愿承認這一點，生怕各國政府認為除緊縮政策之外還可以有其他選擇。

????“事實是如果歐元存亡一線，歐洲央行輕松完全可以購入5,000億歐元西班牙國債，不會招致德國政府的反對。因此，如有必要，歐洲央行完全可以花錢買來更多的時間。”

????譯者：早稻米

????But Germany has fiercely opposed such an idea. And so has the ECB, although officials have passed other measures to stem the region's debt crisis including lending cheaply to several banks and buying up hundreds of billions worth of government bonds. On Thursday, the central bank held its main interest rate at 1.0%, and continued resisting international pressure to do more to help the euro zone's ailing economy.

????Nevertheless, the ECB has plenty of firepower left to use if need be, even if it would never acknowledge that to avoid letting governments think there is an alternative to their calls for austerity, Kirkegaard says.

????"The reality is that the ECB could easily – provided the survival of the euro was at stake – buy 500 billion euros of Spanish government debt without any protests from German governments. Hence, the ECB can buy a lot more time if needed."