Messrs Galbraith and Kotlikoff both worry above all about the distributional effects of taxing and spending.

盖尔布瑞斯和考利考夫先生都对税收和支出的分配效应感到十分忧虑。

Now there is a huge crisis, so the euro is doomed unless its members pool more sovereignty when it comes to taxing, spending and borrowing, and create an economic union.

面对当前巨大危机，除非各成员国在税收，行政支出，借贷方面更能以一个声音说话并创建欧洲经济共同体，否则欧元前景黯淡。