The paper analyses the conditions of formation required by the Optimum Currency Area and adjustment mechanism and means that Euro Single Currency Area has taken to attain…

事实上，“欧元单一货币区”的建立与“最优货币区”的形成条件尚差一段距离。

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There is nothing the European Commission can do about the side-effects of a fixed exchange rate and a single interest rate for the euro area—they are inherent to a single currency.

欧盟委员会对于欧元区实行固定汇率和单一利率产生的副作用无能为力—各国都被单一货币粘在了一起。

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The 15 EU nations that use the single currency—the euro area—offer an additional experimental advantage.

15个使用单一货币（欧元）的国家提供了额外的实验优势。

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And Stern said reliability and a local clientele is part of the reason Patek Philippe has not fallen victim to the problems plaguing the single currency euro area.

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In the euro area, the introduction of the single currency and the creation of an integrated financial market will change both the definition of the money supply and its relationship to inflation.

ECONOMIST: Euro Towers or Fawlty Towers? | The

In order to preserve the euro, the single currency and thus also the single interest rate area that goes along with a single currency.

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