持有这些国家债券的银行也会遭殃。
这些国家债券的担保成本同样开始下跌。
The cost to insure the debt of these nations has also started to fall.
在大多数国家,也不必恐惧债券持有者会导致突然的财政紧缩。
Nor, in most countries, should fear of bondholders lead to sudden fiscal austerity.
而且,希腊并非债券市场担忧的唯一国家。
And Greece is not the only country about which the bond markets are worried.
那些迫使债券持有者承担损失的国家将受到惩罚。
A country that forced bondholders to take a loss would be punished.
因此,在发达国家,债券市场就意味着债券场外市场。
Therefore, bond market means OTC bond market in the developed countries.
在大多数国家,也不必恐惧债券持有者会导致突然的财政紧缩。
Nor, in most countries , should fear of bond holders lead to sudden fiscal austerity .
在大多数国家,也不必恐惧债券持有者会导致突然的财政紧缩。
Nor, in most countries , should fear of bond holders lead to sudden fiscal austerity .
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