This would offer southern European countries a way out of their competitiveness trap, because if prices remained unchanged in the south, while the northern countries inflated, the southern countries could gradually reduce their goods’ relative prices without feeling too much pain. Of course, in that case the north needs to inflate faster than by just 2%.
这将给南欧国家一条走出竞争力陷阱的道路，因为如果南方价格维持不变而北方国家出现通胀，那么南方国家可以在不必感受太多痛苦的情况下逐步降低商品的相对价格。当然，在这种情况下，北方的通胀必须高于2%。