英语翻译a Western Europe in which there was a single currency and monetary authority but without the political,fiscal and banking union that would make it possible for imbalances between those countries to work themselves out without the benefit

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英语翻译aWesternEuropeinwhichtherewasasinglecurrencyandmonetaryauthoritybutwithoutthepolitical,fiscaland

英语翻译a Western Europe in which there was a single currency and monetary authority but without the political,fiscal and banking union that would make it possible for imbalances between those countries to work themselves out without the benefit
英语翻译
a Western Europe in which there was a single currency and monetary authority but without the political,fiscal and banking union that would make it possible for imbalances between those countries to work themselves out without the benefit of currency fluctuations
尤其是最后“the benefit of currency fluctuations”的含义,按字面意思是“货币动荡的益处”,货币的不稳定、动荡会有益处?

英语翻译a Western Europe in which there was a single currency and monetary authority but without the political,fiscal and banking union that would make it possible for imbalances between those countries to work themselves out without the benefit
在西欧,有单一的货币和货币机构,却没有政治、财政和银行业联盟,这就可以使这些国家之间的货币不平衡本身去起作用,而不能从货币波动中获利.
“the benefit of currency fluctuations”的含义是“货币波动的利益（好处）”.

其中西欧有单一的货币和货币当局，却没有与政治，财政和银行业联盟，使这些国家发生了因自己的工作没有汇率波动带来的不平衡影响的现象。
货币动荡的影响

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the benefit of currency fluctuations 正如你所理解的，解释为货币波动带来的收益。汇率波动才能低买高卖外币获利啊；又或者韩国前阵子汇率暴跌，于是大家都去韩国旅游消费，用人民币兑韩元买东西获益等等。
翻译，
The decades-long march toward a united continent, led by the parties of the centre-right and centre-left, created a Western Europe
在中右翼和中左翼政党的领导下朝联合欧洲大陆为目标经过数十载的努力创建立了西欧。
in which there was a single currency and monetary authority but without the political, fiscal and banking union
在西欧没有政治联盟、金融联盟、银行联盟，只有一个货币金融管理局。
that would make it possible for imbalances between those countries to work themselves out without the benefit of currency fluctuations.
而没有了汇率波动带来的利益，各成员国之间的不平衡有可能可以自行消除。

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