Your third example is actually the way the problem is usually solved. Hard, but doable.
Remove the reference to product from the translation table and put a reference to translation where you need it (the other way around).
[ products ]
id (INT)
price (DECIMAL)
title_translation_id (INT, FK)
[ translation ]
id (INT, PK)
neutral_text (VARCHAR)
-- other properties that may be useful (date, creator etc.)
[ translation_text ]
translation_id (INT, FK)
language_id (INT, FK)
text (VARCHAR)
As an alternative (not especially a good one) you can have one single field and keep all translations there merged together (as XML, for example).
<translation>
<en>Supplier</en>
<de>Lieferant</de>
<fr>Fournisseur</fr>
</translation>