Such is the sickly currency that Estonia is joining. It says the euro's demise is unthinkable. And it is right in saying that self-help—austerity and structural reform—offers the most lasting remedy. But what if the cure kills the patient? Then Estonia will hope to inherit a share in a successor currency, perhaps a “northern euro”. That makes the gamble worth taking.
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It is important that there can be a smooth transition out of the euro, with an amicable divorce, possibly moving to a "flexible-euro" system, with say a strong Northern euro and softer Southern euro.
有必要平稳过渡退出欧元，尽力实现友好分手，也许是转向一种“灵活的欧元”体系，包括强劲的北方欧元和较疲软的南方欧元。
The euro zone's northern creditor governments have refused to put more of their own money into the pot.
欧元区北部的债权国也拒绝再将自己的血汗钱投入到这个无底洞里。
If the euro zone's third-biggest economy and its largest public debtor cannot reignite growth and generate new jobs, Italians will eventually lose hope or their northern neighbours will lose patience.
作为欧元区第三大经济体和最大的公共债务国，意大利要是不能重振经济刺激增长并创造新的工作岗位，意大利人必将失去希望，或许北方诸邻国最后失去耐心也未可知。
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