So internal devaluation worsens the private sector's debt problems.
因此，内部贬值事私营部门的债务问题更加恶化。
That leaves "internal devaluation", or restoring export competitiveness through lower wages.
现在看来只能通过“内部贬值”，或者说通过降低工资水平来提高出口竞争力了。
Such an “internal devaluation” is possible in theory, but it is unusual (and painful) in practice.
这样的“内部贬值”在理论上是可行的，但在实际中并不常见（并且是痛苦的）。
Such an "internal devaluation" is possible in theory, but it is unusual (and painful) in practice.
这样的“内部贬值”在理论上是可行的，但在实际中并不常见(并且是痛苦的)。
Instead, Spain must achieve "internal devaluation" : it must cut wages and prices until its costs are back in line with its neighbors.
取而代之的是，西班牙必须实现“内部贬值”：必须削减工资，降低价格，直到其成本恢复到与邻国一直得水平上。
Those with currency pegs—the Baltic three and Bulgaria—have started on an “internal devaluation”, thanks to their flexible labour and product markets.
那些施行货币挂钩的国家——波罗的海三国（立陶宛、拉脱维亚和爱沙尼亚）和保加利亚，多亏它们灵活的劳动力和产品市场，已经着手“对内贬值”。
Nothing like that has happened in Europe - yet. But it's certainly within the realm of possibility, especially as the pain of austerity and internal devaluation drags on.
在欧洲还没有发生这样的事情，但肯定在可能性范畴之内，尤其是随着财政紧缩与内部贬值痛苦的持续，这种可能会增大。
But a debt restructuring could bring the vicious circle of falling confidence and rising interest costs to an end, potentially making internal devaluation a workable if brutal strategy.
但是债务重组会终止信心下降利率上涨的恶性循环，有可能使让内部贬值成为一种可行的但却非常残酷的战略。
But a debt restructuring could bring the vicious circle of falling confidence and rising interest costs to an end, potentially making internal devaluation a workable if brutal strategy.
但是债务重组会终止信心下降利率上涨的恶性循环，有可能使让内部贬值成为一种可行的但却非常残酷的战略。
应用推荐