At the same time, financial markets are forcing fiscal retrenchment on governments, as will the planned new fiscal treaty (on which Germany, among others, insisted). Demand is therefore being drained out of the eurozone economies, with stronger external demand, stemming from the euro’s depreciation against other major currencies, unable to offset the effect on growth.
与此同时，金融市场正在迫使各国政府采取财政整顿措施，计划中的新财政条约（为德国和其他一些国家所坚持）亦然。因此，欧元区经济体的需求在进一步枯竭，而欧元相对其他主要货币贬值带来的外部需求提振又不足以抵消增长受到的影响。