歐債問題走向與對我國之啟示

Lessons for Taiwan from the European Sovereign Debt Crisis

受金融海嘯影響全球經濟成長率持續低迷，並引發民間債務轉為政府債務之危機。政府債務危機對投資者和消費者信心，以及實體經濟面產生負面影響。由於調整需要相當的時間，所以國際預測機構預期2013年經濟成長率只會略高於2012年水準。歐盟面對危機採取建立防火牆、減緩歐洲去槓桿化惡性循環、結構性改革、歐元振興經濟之成長計畫等多種措施，來調整經濟情況。我國當前雖未面臨惡劣財政問題，但是國內和國際經濟情勢低迷之下，政府應擷取他人處理債務問題的經驗、進行產業結構調整、考慮服務貿易的拓展方式，來達到創造國內經濟成長和就業之目標。

Global economic growth has remained depressed under the impact of the 2008 global financial crisis, which has caused a private debt crisis to be turned into a government debt crisis. The government debt crisis has exerted a negative impact on investor and consumer confidence, as well as on the real economy. Since adjustment to this situation requires quite a lot of time, international forecasting agencies have projected that economic growth in 2013 will be only slighter higher than in 2012. In response to the crisis, the European Union has adopted a variety of measures including setting up a firewall, slowing down the vicious circle of deleveraging in Europe, carrying out structural reform, and launching a growth plan for economic revitalization in the Eurozone.