If the euro falls by 20-25%, bringing it close to parity with the dollar and weakening it to a similar extent against other currencies, the current-account deficits in Italy, Spain, and France would shrink and their economies would strengthen. German exports would also benefit from a weaker euro, boosting overall economic demand in Germany.
如果欧元区贬值20—25%，与美元保持平价，与其他货币也贬值相当的幅度，则意大利、西班牙和法国的经常项目赤字将有所下降，其经济将得到提振。德国的出口也会从贬值的欧元中获利，提振德国的总体经济需求。