在1980年代- 1990年代,许多意大利制造商在国外扩张,利用意大利里拉反复贬值的优势降低价格,削弱外国竞争对手。
In the 1980s and 1990s, many Italian manufacturers expanded abroad, exploiting the repeated devaluations of the Italian lira to undercut prices of foreign rivals.
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。
Instead, Spain must achieve "internal devaluation" : it must cut wages and prices until its costs are back in line with its neighbors.
如果我们降低价格,我们就得冒贬值的危险。
If we lower our prices, we run the risk of devaluing our product.
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