Britain can reduce its current-account deficit by causing the British pound to weaken relative to the dollar and the euro, which the French, again, cannot do without their own currency. Indeed, that is precisely what Britain has been doing with its monetary policy: bringing the sterling-euro and sterling-dollar exchange rates down to more competitive levels.
英国的状况没有法国危险还有第二大理由。英国可以通过让英镑相对美元和欧元贬值来减少经常项目出资，而法国不能这么做，因为它没有自己的货币。事实上，这正是英国货币政策所一直在做的：压低英镑-欧元和英镑-美元汇率以获得更高的竞争力水平。