Italy, Spain, and France all have current-account deficits equal to 2% or more of their GDP. As they come out of their cyclical recessions, incomes will rise, leading to increased imports and even larger current-account deficits.
意大利、西班牙和法国均存在相当于GDP的2%或以上的经常项目赤字。随着它们走出周期性衰退，其国民收入会上升，从而增加进口和更大的经常项目赤字。这些赤字必须通过他国资金的净流入来融资。