根本性失衡

持续盈余的国家，本国货币升值，只要IMF同意，国际收支中的“根本性失衡”。

And countries with persistent surpluses could revalue their currency , as long as the IMF agreed that the balance of payments were in " fundamental disequilibria " .

迫于时间压力，将大多数刺激资金用于维持消费而非修正根本性失衡，是不可避免的。

The fact that most of it was spent to sustain consumption rather than on correcting the underlying imbalances was unavoidable due to time pressure .

你会解决眼前的危机，但根本性的失衡将持续下去，并导致债务进一步累积。

You would resolve the short-term crisis , but the underlying imbalances would persist , and cause a further build-up of debt .

实际上，欧洲央行的无条件纾困可能带来危险，正如未建立财政联盟就发行欧元区债券一样。你会解决眼前的危机，但根本性的失衡将持续下去，并导致债务进一步累积。

In fact , an unconditional ECB bail-out could be dangerous , just as a eurobond would be if not accompanied by a fiscal union . You would resolve the short-term crisis , but the underlying imbalances would persist , and cause a further build-up of debt .

第一，根本性的全球失衡原样不变。

One way is for the underlying global imbalances to remain in place .