If the private sector suffers, the public sector may be forced to step in and assume, or guarantee, the debt, as happened in 2008.

如果私有部门面临困境，那么共有部门很可能指的介入并承担或担保债务，这也是2008年的情况。

youdao

The euro's crisis boils down to this: national treasuries do not have enough spare cash both to guarantee outstanding debt and maintain their own credit ratings.

欧洲所面临的危机可以归结为以下几点：国家财政缺乏足够的富余资金去担保未偿债务，维持他们的信用等级。

youdao

The commission would guarantee Greece's debt and rule the country until it regained solvency.

这个委员会将为希腊的债务作担保，并治理这个国家，直到其重新恢复偿付能力。

youdao

But Dubai's finance chief said the government does not guarantee its debt.

VOA: special.2009.12.04

(OMITTED) The debt crisis is threatening to sink the euro currency, so the European Union has pledged to guarantee loans totaling around a trillion dollars.

VOA: standard.2010.06.24

The government debt guarantee should make financing a cinch.

FORBES: Magazine Article

What happens if we pay down our debt and the world, at least those parts that use our debt to guarantee transactions, has to find something else as secure, liquid and has some fractional ability like our debt.

FORBES: The Fiscal Cliff Could Last Forever

The debt-guarantee scheme is due to expire in October but may be extended.

ECONOMIST: Repaying TARP money