Sentences with phrase «sharp currency devaluation»

Their dilemma is over whether to implement further structural reform in the frame of the Eurozone, knowing that these measures could take longer to take effect than what is politically acceptable, or exit the Euro in order to regain competitiveness through a sharp currency devaluation and face huge upfront costs and an uncertain future.

Not exact matches

The sharp devaluation of the currency during the Asian crisis of the late 1990s further ratcheted up their cost.