Finally, structural reforms require time to take effect. This is particularly true in the eurozone, whose members abandoned a crucial tool for accelerating the process – exchange-rate adjustments to account for different economies’ productivity levels – when they adopted the common currency.
最后，结构改革需要时间才能见效。欧元区尤其如此。加入共同货币区时，欧元区成员国放弃了加速过程的关键工具——调整汇率以契合不同经济体的生产率水平。