That might be true, but stronger domestic demand would lead to higher imports, which would need to be paid for with higher export revenues, because the country cannot afford to accumulate more foreign debt. No exports, no growth: Greece’s debt sustainability ultimately depends on this key parameter.
这意味着除非出口开始增长，否则就不可能看到持续复苏。人们常说，如果紧缩松一点，内需就会强一点。这也许是正确的，但更强的内需会导致更高的进口，而这需要用更高的出口收入来支付，因为希腊无法承受外债的继续累积。没有出口，就没有增长：希腊的债务可持续性最终取决于这一关键参数。