Others have argued that Japan's stagnation was due to poor capital allocation, resulting from a reluctance to close failed Banks, which in turn were unwilling to shut off credit to inefficient firms.

其他一些人认为日本的停滞是由于糟糕的资本配置，其原因是日本当局不愿意关闭那些破产的银行，而这些银行也就不愿切断向低效企业的资金供应。

youdao

Central Banks must get into full fire-fighting mode, too. In particular, that means offers of unlimited two-year liquidity from the ECB, which was due to meet after the Economist went to press.

各中央银行也进入全面的救火模式，尤其是，欧洲央行必须提供两年的无限量流通性，这点将会在即将发行的经济学人中看到。

youdao

Due to the fear from bankrupt, the people withdrew the saving, that further lead to more Banks corrupt.

出于对银行倒闭的恐惧，人们纷纷撤销存款，进而又导致更多家银行的倒闭。

youdao

On Tuesday, shifting its focus from the weaker parts of the euro zone to the core, it cut the credit ratings of six German banks due to potential contagion from the rest of the financial system.

WSJ: European Banks��Large and Small��Rely on ECB

However the report does acknowledge the improvement in core performance from the banks, and says it is due to two main factors.

BBC: Skyline of Canary Wharf in London

Glass Steagall was passed to prevent commercial banks taking government insured deposits from failing due to losses incurred through riskier investment banking activities (issuing stock and other securities).

FORBES: President Obama Offers A Repeat Of His Same Failed Policies