由于欧洲的银行家害怕被迫在动荡不安的市场上高筑长期债务，这应该可以起到一些缓解作用。

For European bankers terrified of being forced to raise long-term debt in choppy markets, that should be some relief.

youdao

这句话下面紧接着，作者列举了欧元区国家 爱尔兰和希腊（两个债台高筑的国家）是如何行动的：爱尔兰削减开支，提高税收，显然不是采取通胀的做法；而希腊，则不愿意勒紧裤腰带austerity，希腊工人的工资一直再涨呢，债务也是再涨，希腊并没有多大决心遏制通胀。 而且，照这个形势，很快，希腊就得被踢出欧元区了。

And some countries are more determined to deal with this than others: Ireland has raised taxes and cut spending, but Greece has shown scant appetite for austerity.

youdao

但问题并不是赤字以及债台高筑——那是由经济危机以及经济衰退带来的不可避免的结果造成的——而是缺乏方案来让赤字以及债务降低。

The trouble is not that the deficit and debt are high-that is the inevitable result of crisis and recession-but the lack of a plan to bring them down.

youdao