Europe's monetary union is in a deep crisis. In the context of Greece's debt concernsand emerging problems in other countries, huge current account imbalances have been identified as a major threat. But since the adoption of a single currency, devaluation is no longer available to correct an unsustainable current account deficit. The rules are that a country should use national policies to reduce its deficit.
歐洲貨幣聯盟正陷于嚴重的危機。面對希臘債務問題和其它國家新涌現的問題，巨額經常賬戶失衡一直被視為一個主要威脅。但自從采用了單一貨幣，歐元區各國再也不能利用貶值來修正不可持續的經常賬戶赤字。歐元區規定，各國應使用本國政策來削減赤字。
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