The ECB was right to be concerned.
央行的担忧是正确的。
欧洲央行应该跟进吗？
The caution of the ECB was predictable.
欧洲央行的小心谨慎是可以预见的。
The ECB, by contrast, is still at 2%.
相比之下，欧洲央行的基准利率仍坚守在2%。
Such a policy would make the ECB uneasy.
这样的政策会让欧洲央行不容易开展工作。
The pressures on the ECB are even more intense.
欧洲央行的压力甚至更大。
So will the ECB and Germany answer the call?
欧洲央行和德国会回应这个号召吗？
Should the ECB also lower its interest rates?
欧洲央行也应该降息吗？
Few expect the ECB to cut interest rates soon.
极少有人预期欧洲央行将很快降低利率。
The ECB needs to swing into action at long last.
在历经曲折之后，欧洲央行必须果断付诸行动。
For the ECB, virtue may have to be its own reward.
对于欧洲央行来说，善行可能是它自己的对自己的奖赏了。
Meanwhile, Greece would lose its vote in the ECB.
与此同时，希腊会失去在欧洲央行内的投票权。
And yet again, the ECB will end up staving it off.
再一次，欧盟央行最终将其延缓。
But the ECB should, perhaps, see it as an opportunity.
但是欧洲央行(ecb)或许还应将之视为一次机遇。
As a result the ECB was given an asymmetric directive.
作为一个结果欧洲央行获得了不对称的指令。
Until three years ago, the ECB was also easy to predict.
直到三年前，欧洲央行同样很容易预测。
The ECB has offered valuable but strictly limited help.
欧洲央行已经提供了极有限的有用帮助。
But the ECB is unlikely to veer from its mission for long.
可是，欧洲央行不太可能偏离其基本使命太远。
Will the ECB deploy its full resources to stop the crisis?
欧洲中央银行是否会动员一切资源来遏制这场危机？
The European Central Bank (ECB) can solve the crisis overnight.
欧洲央行可以在一夜间解决危机。
The Fed, the ECB and the Bank of Japan all have work to do.
美联储，欧洲央行和日本央行都有工作要做。
One possibility is to allow it to borrow funds from the ECB.
一种可能性是让它想欧洲央行借钱。
The only institution that can provide immediate relief is the ECB.
欧洲央行是惟一一家对此可以提供紧急救援的机构。
In the end Spain must have support from Mrs Merkel and the ECB.
最终西班牙必须得到默克尔和欧洲央行的支持。
Meanwhile, the ECB has still been quietly buying up Italian debt.
与此同时，欧洲央行仍在默默买入意大利债券。
The ECB is also more confident that economic growth is picking up.
欧洲央行也对现在经济恢复增长更有信心。
A healthier euro zone, of course, should be food for thought for the ECB.
一个健康的欧元区经济当然应该受到欧洲央行的大力支持。
The biggest fight is between Germany and the European Central Bank (ECB).
最大的争执发生在德国和欧洲中央银行之间（ECB）。
The biggest fight is between Germany and the European Central Bank (ECB).
最大的争执发生在德国和欧洲中央银行之间（ECB）。
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