Sentence examples for of internal devaluation from inspiring English sources

Restricted by the euro straitjacket and unable to devalue its currency, Spain is on the slow, painful path of internal devaluation.

Ignoring recommendations from the IMF and others to break their peg to the euro and devalue the currency, the Latvians instead embarked on a brutal programme of "internal devaluation": improving competitiveness by slashing wages and prices.

But Latvia chose the tougher route of internal devaluation.

A debtor state may tire of internal devaluation.

Instead they must pursue the stonier path of "internal devaluation" by lowering labour costs.

Speaking recently in Brussels, the IMF's Nemat Shafik compared such a process of internal devaluation to painting a house.

I particularly liked this passage: The international experience of "internal devaluations" is mostly one of failure.

The previous reform programme, which our partners are so adamant should not be "rolled back" by our government, was founded on internal devaluation, wage and pension cuts, loss of labor protections, and price-maximising privatisation of public assets.

The previous reform program, which our partners are so adamant should not be "rolled back" by our government, was founded on internal devaluation, wage and pension cuts, loss of labor protections, and price-maximizing privatization of public assets.

Now, there have been various claims of success for internal devaluation.

And so instead the euro area has opted for "internal devaluation": a long period of stagnant to falling wages pushed forward by prolonged high unemployment.