Under a "pact for the euro" there will be economic and fiscal workouts that will allow countries to cope better with the rigours of monetary union-including, for example, greater wage flexibility.

根据“欧元条约”，各国可以进行经济和财政政策的尝试以更好的应对货币联盟中的困难，例如增加工资的灵活性。

youdao

I would agree with that, having identified no less than five different types of inflation: commodity inflation, wage inflation, monetary inflation, fiscal inflation, and foreign exchange inflation.

在确定了有不低于五种不同类型的通货膨胀之后，我同意他的说法。这些类型有：商品通货膨胀，工资通货膨胀，货币通货膨胀，财政通货膨胀还有外汇通货膨胀。

youdao

Wage negotiations must take into account these special factors, especially within the framework of the monetary union.

工资谈判必须考虑这些特定因素，尤其是在货币联盟内的工资谈判更应如此。

youdao

Even so, the impact of the minimum wage depends largely on another gang of nine: the Monetary Policy Committee of the Bank of England.

ECONOMIST: The minimum wage

The Fed's hawkish credibility, along with cheap goods from China and other low-wage countries, has helped to keep consumer-price inflation relatively tame despite exceptionally loose monetary policy.

ECONOMIST: Reluctant party-poopers | The

But he warned that low commodity prices and unusually low wage growth may have "artificially suppressed" inflationary pressures "in which case a more dramatic tightening of monetary policy may be called for".

BBC: IMF hails world recovery