Growth has stalled, the currency is digesting a 32% devaluation in February and inflation is likely to reach 30%.
增长停滞,二月份货币贬值32%,通货膨胀率有可能达到30%。
Markets have lost faith that the euro zone's economies, weaker or stronger, will one day converge thanks to the discipline of sharing a single currency, which denies uncompetitive members the quick fix of devaluation.
人们曾相信,欧元区经济体,无论弱或强
,只要本着使用统一货币
原则,就能避免了那些缺乏竞争力
家采取货币贬值这一权宜之计,就能有朝一日实现统一——如今市场已经丧失了这种信念。