The era of low interest rates that followed the decision in 1995 to introduce the euro inflated a massive credit bubble in southern eurozone countries, which was sustained until the end of 2013. During this time, Italy became 25% more expensive (on the basis of its GDP deflator) than its eurozone trading partners.
1995年引入欧元的决定带来了低利率时代，也给欧元区南部国家带来了巨大的信用泡沫，一直维持到2013年末。在此期间，意大利相对其欧元区贸易伙伴变贵了25%（以GDP平减指数衡量）。