The key question is: what is going on with the US, which, after all, represents the other side of the great imbalance? The US current-account deficit has been narrowing in recent quarters, thanks to export growth.
关键问题是，代表了巨大不平衡另一端的美国应当做些什么？得益于出口增长，美国的经常账户逆差在最近几个季度收窄了。这是个好消息。而且这一状况是在没有进行大幅汇率下调的情况下实现的，原因是欧元和其他几个主要货币的走弱。