And since the whole point of fractional-reserve banking is not to have sufficient money to redeem the receipts, the Rothbard bank would quickly go under.

且既然整个部分准备金银行制度的意义就在于银行不需要有足够的储备金去兑现它的票据，因而罗斯巴德银行会很快破产倒闭。

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This is beneficial in guarding against a full-scale banking crisis, but it is not sufficient to secure levels of new bank lending to productive customers that is necessary given the European slump.

FORBES: To Save Itself, Europe Must Adopt Economic Growth Strategies

But the head of the banking commission said it was "not given sufficient confidence" this will happen.

BBC: RBS sign

But while necessary, banking reform is not, on its own, sufficient.

ECONOMIST: Too weak to work? | The