europe started a long process towards monetary union, via an exchange-rate mechanism, which resulted in a single and free floating currency 30 years later.
欧洲开始了通过一项汇率机制迈向货币统一的漫长过程,30年后,它们拥有了一种自由浮动的单一货币。
he cites brazil, which although it has a floating currency and manageable public debt was paying ten times over the odds to borrow from capital markets.