虽然在一个货币联盟中单一国家很显然缺乏货币方面的灵活性 — — 而这也是欧洲与1990年代末的亚洲最明显而重要的区别 — — 但为了刺激整个区域的竞争力也不应阻止欧元贬值。
While individual countries obviously lack currency flexibility in a monetary union – one of Europe’s most obvious and important differences from Asia in the late 1990’s – there is nothing to prevent a depreciation of the euro from boosting pan-regional competitiveness.