But in a monetary union that is impossible.
可是在一个货币同盟中，这是不可能的。
But in a monetary union, that is impossible.
但在一个货币联盟之内，这是不可能的。
Their problem is a basic flaw in the design of the monetary union.
他们(欧洲)的问题是货币联盟设计的基本缺陷。
None of this seemed to matter during the first few years of the monetary union.
在这个货币联盟成立的前几年里，这些看起来都不是大问题。
A monetary union may require more than just a eurobond and a small fiscal union.
一个货币联盟所要求的，可能不仅仅是欧元债券和小规模的财政联盟。
Is a breakup of the European monetary union possible?
欧洲货币联盟可能解散吗？
The project of monetary union confronts a huge challenge.
欧洲 货币联盟项目面临巨大挑战。
The grand design of Europe's monetary union is already agreed.
欧洲统一货币的宏伟构想已经获得认同。
There are deep divisions in the party over European monetary union.
党内在欧洲货币同盟问题上存在巨大分歧。
But that inherently means Germany stepping in to support the monetary union.
但是它原本就意味着德国介入来支持货币联盟。
Be aware that policy co-ordination is an essential ingredient for a monetary union to work.
要注意，政策协调是一个货币联盟能否运转的关键。
Why the Greek Crisis Will Not Ruin Europe's Monetary union?
为何希腊财政危机不会危及欧洲货币联盟？
Will European Economic and Monetary Union (EMU) still exist?
欧洲经济与货币联盟（EMU）是否仍然存在？
All of this does not mean that the European Monetary Union is likely to fail.
上述情况并不意味着欧洲货币联盟可能会失败。
All of this does not mean that the European Monetary Union is likely to fail.
上述情况并不意味着欧洲货币联盟可能会失败。
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