devaluations

1.As any German would surely also remember, such devaluations meant that there was no German trade surplus before the euro.而想必所有德国人也都记得，由于如此急剧的贬值，在欧元推出前，德国根本毫无贸易顺差可言。

2.Brussels is firmly against, fearing that it would trigger currency instabipty, bank failures and competitive devaluations across the EU.而布鲁塞尔坚决反对，担心这将引发汇率不稳定、银行破产和整个欧盟内部出现竞争性贬值。

3.The first wave [of investment] was caught up in the Asian financial crisis, the devaluations in Latin America and the rouble crisis.第一波（投资）赶上了亚洲金融危机、拉美货币贬值风潮和卢布危机。委婉地说，业绩普遍都很差。

4.Some leaders may be tempted to help their economies by competitive devaluations, export subsidies or industrial bail-outs.有些国家的领导人可能会忍不住诱惑，通过本币竞争性贬值、出口补贴和行业纾困的方式来扶持本国经济。

5.Nevertheless, some experts see alarming parallels with the competitive devaluations and protectionism of the Great Depression.然而，一些专家从中看到了与大萧条时期的竞争性贬值和保护主义类似的苗头。

6.Currency devaluations are the moment when protectionism gets nasty.保护主义最严重的症状就是货币贬值。

7.This conference, however, was unable to halt a rash of currency devaluations, tariff increases, and quota arrangements.然而这次会议并未能制止货币贬值，提高关税以及实行配额制等情况的连续发生。

8.Executives are grateful that they no longer have to deal with competitive currency devaluations(7) in Europe.公司总裁们很高兴他们终于不用再去应付欧洲区域内的竞争性货币贬值了。

9.Costs are pkely to rise as currency devaluations occur in many countries as an unavoidable side effect of the crisis.费用很可能随着许多国家货币贬值不断上升，而货币贬值是危机带来的不可避免的副作用。

10.Eurozone members have thus been spared confronting a currency crisis and competitive devaluations as they resolve the banking crisis.因此在解决银行业危机的同时，欧元区成员国不必应对汇率危机和货币竞争性贬值。