They deprived Latin American countries of a relatively painless way to improve their trade balance, ie, a competitive devaluation.
In Spain one relatively painless reform would be to change the rules for renting out property, which currently overprotect tenants.
ECONOMIST: In place of devaluation, troubled members could try reform
It appeared to have bipartisan support because it offered a politically expedient and relatively painless way for lawmakers to raise money.
One obvious example is the quick and relatively painless adoption of unleaded petrol, thanks to differential tax rates which discriminated against leaded petrol.
Instead, the Obama administration has embraced environmentally responsible production of natural gas as a relatively painless way to meet both energy and environmental goals.
WSJ: Rise in U.S. Gas Production Fuels Unexpected Plunge in Emissions
Reform of the FHA, a New Deal mortgage insurance program, has been seen as a relatively painless way for the government to help borrowers.
While it is unlikely that your insurance score will ever be perfect, there are a few relatively painless steps that you can take to improve your score.
Quick and relatively painless, just like the 1990-91 downturn.
Pangilinan is among the few executives in Asia who are meeting the debt problem head-on -- and he is lucky enough to have a relatively painless way of doing it.
When we finally realize the folly of this approach, the austerity measures that we will then be forced to adopt will make those currently proposed by the Europeans seem relatively painless.
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