Depreciation of the euro would be the best medicine for restoring international price competitiveness to the periphery countries and reviving their export sectors. Of course, they would devalue on their own had they not given up their currencies for the euro ten years before the crisis (and if it were not for their euro-denominated debt).
欧元的贬值是重塑外围国国际价格竞争力和振兴它们的出口部门的最佳办法。当然，如果在危机发生十年前它们没有为了使用欧元而放弃本国货币（并且它们的债务也不是用欧元计价），那么它们还可以自主贬值。如果无法放弃欧元，那么只好让整个欧元区一起贬值。