But it would be strange to conclude from Greece’s experience that wage deflation is a useless tool for improving competitiveness, given the widespread assumption that Germany benefited massively from it. So the only explanation for Greece’s poor export performance must be that the Greek economy has remained so distorted that it has not responded to changing price signals.
但从希腊的经验得出工资通缩对改善竞争力毫无效果也令人难以接受，因为人们广泛认为这正是德国大量获益的原因。因此，希腊出口表现拙劣的唯一解释就剩下希腊经济仍然极度扭曲，以至于没有对改变的价格信号做出反应。