欧洲开始了通过一项汇率机制迈向货币统一的漫长过程，30年后，它们拥有了一种自由浮动的单一货币。
Europe started a long process towards monetary union, via an exchange-rate mechanism, which resulted in a single and free floating currency 30 years later.
法德两国的出口商至少就一初步目标达成一致：在内部市场中利用统一货币消除汇率风险，包括竞争性贬值在内。
French and German exporters at least agreed on a more modest goal: a single currency to end exchange-rate risks within the internal market, including competitive devaluations.
一直到1994年，一个统一、官方汇率初步建立。
It was only in 1994 that a unified, official exchange rate was established.
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