For reform laggards like France, Italy, and Portugal, currency union with an increasingly competitive Germany is forcing an unwelcome choice between revving up their own reforms and permanent stagnation.
对于法国、意大利和葡萄牙这样的改革落后国来说，与竞争力日益增强的德国结成货币联盟迫使他们做出这样的艰难选择：要么加速国内的改革不乏，要么坐视经济永远停滞下去。