As the euro area's sovereign-debt crisis has gone from bad to worse, financial tensions now pose a grave threat not just to the European economy but beyond.

由于欧元区的债务危机开始变得更加糟糕，庞大的资金压力已经不仅仅局限在欧洲地区了。

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Given what has gone before, that may seem like no bad thing but it will entail costs.

ECONOMIST: Banks will still make money, just less of it