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.
欧洲货币联盟正陷于严重的危机。面对希腊债务问题和其它国家新涌现的问题，巨额经常账户失衡一直被视为一个主要威胁。但自从采用了单一货币，欧元区各国再也不能利用贬值来修正不可持续的经常账户赤字。欧元区规定，各国应使用本国政策来削减赤字。
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