摘要：It is no exaggeration to state that there is a deep cleavage between the North and the South of the eurozone. The cleavage is not only limited to economic differences: a relatively prosperous North that up to now has not been affected much by the sovereign debt crisis, and a troubled South (including Ireland) where the debt crisis has hit with full force, pushing countries into a bad equilibrium that is characterised by high interest rates, budgetary austerity, increasing unemployment and economic recession.
