Unlike the US dollar, there is no obvious way to put pressure on the European Central Bank to depreciate the currency in order to obtain a competitive advantage over other economies. European governments are not in a position to instruct the ECB to purchase government bonds.
但现实很诡异，欧元的失控状态恰恰是欧元的吸引力所在。跟美元不同，没有什么渠道可以向欧洲央行施压，让欧元贬值以提升某些国家的出口竞争力。欧洲各国政府也无权要求欧洲央行购买其国债。