As a result, the burden of the crisis is being borne mainly by the unemployed and the young. Given Italy’s adverse competitiveness position, devaluation of the currency, were it possible, would not be a long-term substitute for productivity-boosting reforms, but it certainly would help in at least three ways.
结果危机的重负只好主要由失业者和年轻人来承受。考虑到意大利的负面竞争力态势，货币贬值——如果可能的话——不能长期替代促进经济增长的改革，但它肯定至少在三个方面有所裨益。