France’s basic problem, like that of the countries most affected by the crisis, is that the wave of cheap credit that the euro’s introduction made possible fueled an inflationary bubble that robbed it of its competitiveness. Goldman Sachs has calculated that France must become 20% cheaper to service its debt on a sustainable basis.
与受危机影响最重的国家相同，法国的基本问题是欧元诞生所带来的廉价信贷催生了通胀性泡沫，从而破坏了其竞争力。高盛计算，法国必须降价20%才能可持续地维持债务。