·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A five-year cumulative 30% deflation in prices and wages – in Greece, for example – which would mean five years of deepening and socially unacceptable depression; even if feasible, this amount of deflation would exacerbate insolvency, given a 30% increase in the real value of debt.
·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 在五年内让价格和工资累计降低30%（以希腊为例），这将意味着为期五年的深度的、不为社会所接受的萧条；即使这条路可行，如此幅度的通缩也将进一步破坏偿债能力，让债务实际价值扩大30%。