But wherever you come down on China's motivations for its devaluation, it's clear that a cheaper renminbi will send ripple effects through the global economy.

但不论你对人民币贬值的动机持怎样的观点，非常明显的一点是，人民币贬值将给全球经济带来连锁反应。

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From the perspective of Brussels and Berlin, maddening though Athens may be, there is no alternative but to double down on Greece -- because a Greek exit would have huge ripple effects through all the Mediterranean economies (and their banking systems).

CNN: Opinion: Greeks prefer Europe to its own politicians