The main point of contention is whether policymakers should try to speed up that process with yet more fiscal or monetary stimulus.

主要争论点的是政策制定者是否应该尽量加快更多的财政和货币刺激措施的过程。

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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.

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。

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We believe that the birth of the Euro will help advance the process of European integration and establish a more balanced international financial and monetary system.

我们相信，欧元问世将有利于推动欧洲一体化的进程，并促进建立更加平衡的国际金融货币体系。

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Also convincing investors that the ECB wants to get back into its nascent monetary tightening process was a report showing German factory orders jumped by 2.8% in April.

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Mr Delors himself, in a seminal report of 1989 launching the process of monetary union, warned about the dangers of economic imbalances and the risk that states could be shut out of bond markets.

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The objective of the SGP was for strict fiscal discipline to be maintained and enforced in the process of European Monetary Union (EMU).

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