据一位欧盟官员称，随着债券市场暴跌，欧盟政策制定者越来越担心政府对预算宽大处理的要求。
By Jorge Valero European Union policymakers are growing increasingly concerned about government demands for budget leniency as the bond market tumbles, according to an EU official.
这位官员表示，各国没有意识到局势的严重性，他要求匿名以讨论敏感局势。这位官员补充说，他们不断要求布鲁塞尔放松欧盟财政限制，但市场正在寻求可预测性。
Countries are not grasping the seriousness of the situation, the official said, requesting anonymity to discuss the sensitive situation. They keep asking Brussels to relax EU fiscal constraints, but the market is seeking predictability, the official added.
这位官员补充说，如果欧盟国家尊重他们的支出目标，旨在抑制伊朗战争引发的通胀的持续加息将保持可控。另一位欧盟官员表示，欧元区各国政府在未来几个月可能面临来自金融市场的巨大压力。
If EU countries respect their spending targets, ongoing interest rate increases — meant to tame Iran war-fueled inflation — will remain manageable, the official added. A second EU official said euro-area governments are likely to face considerable pressure from financial markets in the coming months.
随着各国政府与欧洲高能源价格作斗争，预算自由度的要求也随之而来，由于中东冲突，布伦特原油目前徘徊在每桶100美元左右。意大利和希腊最近都向欧盟委员会寻求额外的灵活性，欧盟委员会是欧盟的执行机构，负责监管各国的赤字和债务水平。
Requests for budget leeway have arrived as governments battle Europe’s high energy prices, with brent crude now hovering around $100 a barrel due to the Middle East conflict. Italy and Greece both recently sought additional flexibility from the European Commission, the EU’s executive arm, which polices countries’ deficit and debt levels.
但第一位欧盟官员表示，欧盟高管的祝福并不能保证投资者愿意为欧元区政府提供可持续水平的资金。该集团确实向各国提供了一些豁免，以帮助资助重新军备运动和限制能源措施。该委员会发言人没有立即回复置评请求。
But EU executive’s blessing is no guarantee that investors will be willing to finance euro-area governments at a sustainable level, the first EU official said. The bloc did grant some exemptions to countries to help fund a rearmament drive and limited energy measures. A spokesperson for the commission did not immediately reply to a request for comment.
最近几天，受法国债券抛售的推动，欧洲经济形势恶化。周五，投资者持有法国债券的收益率溢价达到了自15年前欧洲大陆债务危机以来最高的德国债券。法国的压力现在正在蔓延到外围市场。
In recent days, Europe’s economic picture has worsened, driven by a bond selloff in France. On Friday, investors were charging the biggest yield premium to hold French bonds over safer German debt since the continent’s debt crisis 15 years ago. French stress is now spilling over into peripheral markets.
彭博社编制的数据显示，意大利与德国债券的息差将出现自2020年3月以来最大的单周扩大。西班牙与德国债券的差距也在扩大。尽管这两个利差仍低于危机时期的水平，但本周扩大的速度引发了蔓延的担忧。
Italy’s spread against German bonds is set for its biggest weekly widening since March 2020, data compiled by Bloomberg show. Spain has also seen its gap against German bonds grow. Although both spreads remain below crisis-era levels, the pace of widening this week has raised contagion concerns.
法国对放松应对能源危机的预算规则提出质疑，并正在努力控制支出。本周早些时候，政府宣布了明年的预算，其中包括一项540亿欧元（612亿美元）的计划，以遏制支出，并将财政缺口占经济产出的比例从今年的5.4%降至2027年的5%。
France has questioned relaxing budget rules for the energy crisis and is making an effort to keep spending under control. Earlier this week, the government announced a budget for next year that included a €54 billion ($61.2 billion) plan to curb spending and pare the fiscal shortfall to 5% of economic output in 2027 from 5.4% this year.
欧盟财长下周齐聚卢森堡，预计将讨论能源价格问题时，可能会出现反对额外增加借贷的情况。
Warnings against additional borrowing increases could come up when EU finance ministers gather next week in Luxembourg, where energy prices are expected to be discussed.