Whether Europe would avoid a deep depression hinged on whether it dealt properly with these two aspects of the crisis. But whether Europe as a whole avoids lost decades of economic growth still hangs in the balance, and depends on whether southern European governments can rapidly restore competitiveness.
欧洲能否避免深度衰退取决于它能否正确处理这两方面的危机。但欧洲的总体经济增长能否避免失去的十年仍然难以预料，因为这取决于南欧政府能否迅速恢复竞争力。