Because they cannot devalue within the single currency and further do not control local interest rates.
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And governments must start putting in place a mechanism for managing sovereign-debt restructurings within the single-currency zone.
That means Germany has to lose some of its competitive edge, at least within the single currency zone.
Mario Draghi hinted last week that if leaders could credibly commit to tougher budget rules within the single currency area, "other things might follow".
Within the single-currency area competitiveness has to be regained the hard way by pushing down domestic costs or increasing productivity rather than the easier-to-swallow medicine of devaluation.
ECONOMIST: The threat of a Greek exit: Unhappy in their own ways | The
Still, the Treasury concluded in 1997 that it would do better within the single currency area than outside it, so it is likely to stick with that assessment.
Since those economies together make up around one-third of euro-zone GDP, over the next few years the ECB will achieve its overall inflation target of 2% only if the healthier economies within the single-currency area (above all Germany) accept relatively higher inflation.
The E-Money Directive is transposed into law and applied nationally by the various member countries within the EU Single Market.
We asked 256 of them whether they thought it would be in Britain's interests to join the European single currency within the next five years.
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The EU, he claims, is hurting one of our most important industries - financial services - and, secure "within the warm embrace of the European single market", giving British businesses an excuse not to develop trade with the developing economies.
It knows any change of government in Eritrea will have to come from within the ruling and single party, the People's Front for Democracy and Justice, and, given President Isaias's personal grip on the party and the government, this is highly unlikely.
Failing to spot one credit bubble is unfortunate, but missing two of the biggest credit bubbles in history within a single decade suggests the problems are more than bad luck.
"Ms. Franklin helped define and illuminate the role of single-working mothers within the cultural landscape, " CBS said in a written statement.
The goal: To taste 1, 000 beers within the course of a single year.
And both happened within the space of a single hour, in the same room, in front of a standing-room-only crowd at the Game Developers Conference.
The team's work offers such a sharp picture of the past that it is possible to trace the histories even of individual communities, such as one in Essex whose inhabitants built, used and then abandoned an enclosure within the span of a single generation.
Reform of the way the GPs work, reform of the hospital system, reform of the doctors and the consultants and the nurses and the way that they work, reform of the systems within the health service, and every single pound of money we put into the health service is going to be independently inspected and audited by an independent body.
BBC: News | BREAKFAST WITH FROST | Interview with Prime Minister Tony Blair
AnandTech brought some history to mix, declaring this was the first time AMD has matched NVIDIA within a single-GPU product cycle since the Radeon X1950 hit stores back in 1950 (jk: 2006).
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This means that as more and more activities are outsourced, the supply chain turns from a single integrated process performed within the boundaries of traditional corporations to a fragmented and disintegrated process, a collection of separate and disjointed activities, performed across several independent subcontractors.
The Knicks had it back to 13 in the third after back-to-back baskets by Smith, but Indiana hung close and was within single digits early in the fourth before the Knicks pulled away again.
Its recent expansion of X1 digital platform that combines the TV viewing, recording and on-demand experience within a single platform is an example of the same.
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If you're one of 170, 000 customers who now have different beneficiaries named for separate IRAs of the same type or different beneficiaries for different mutual funds within a single IRA, Vanguard will apply the newest beneficiary form to all your IRAs of one type--unless you contact Vanguard and direct otherwise.
This means that as additional activities are outsourced, the supply chain turns from a single integrated process, performed within the boundaries of traditional corporations, to a fragmented and disintegrated process, a collection of separate and disjointed activities performed across several independent subcontractors.
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Friday's killings took place in two rooms within a single section of the school, police have said.
Arranged chronologically, the show highlights the remarkable variety within this single theme.
At some point, therefore, it makes sense to conduct the associated transaction within a single legal entity rather than on a market.
With its teasing play of light-merging direct vision and reflection within a single frame-the entrance is the first of many screens that visitors encounter at the Museum.
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Moreover, even within a single group, the meaning of a gesture could vary with context, almost as tone of voice can vary the meaning of a human's spoken word.
ECONOMIST: Evidence that the first words were movements, not sounds
The firms hope to win a ruling from the European Court of Justice that would allow each of them to put all of its employees within the European Union into a single plan.
He says that the framework can be used within native apps as well, which puts the single codebase promise of HTML5 back on the table.
FORBES: Famo.us Cracks The Secret Of High-Performance Apps By Tapping Another Dimension
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