The current turmoil eventually will lead smaller European countries to look for ways to tie themselves much more closely to the euro. That is what happened in the 1970’s, during the original wave of currency turmoil: the Scandinavians and the Swiss negotiated to associate themselves with a European currency regime.
汇率乱局实际上会迫使较小的欧洲国家想办法同欧元联系得更紧。那正是20世纪70年代发生的情形，在第一波汇率乱局中，北欧和瑞士向欧洲汇率机制伸出了橄榄枝。今日，这种策略会显得更有必要。