Reintroducing the drachma risks exchange-rate depreciation in excess of what is necessary to restore competitiveness, which would be inflationary and impose greater losses on drachmatized external debts. To minimize that risk, the Troika reserves currently devoted to the Greek bailout should be used to limit exchange-rate overshooting; capital controls would help, too.
重新使用德拉克马存在汇率贬值幅度大于重塑竞争力之所需的危险，这将造成通胀压力并加重德拉克马化外债的损失。为了将这一风险最小化，三驾马车当前为希腊援助计划所留存的储备应该用于防止汇率超调，资本管制也会有所助益。