The creditor countries, by contrast, would incur losses on their claims and investments denominated in euros and encounter stiffer competition at home from other eurozone members. The extent of creditor countries’ losses would depend on the extent of the depreciation, giving them an interest in keeping the depreciation within bounds.
反之，债权国以欧元计价的投资和债权将会遭受亏损，同时还要面对来自欧元区其他成员国的激烈竞争。债权国损失的大小将取决于欧元贬值的程度，它们的切身利益会促使它们限制欧元的贬值。