Fiscal pessimists point both to past experience and to the arithmetic of public debt for evidence that sovereign-debt crises could spread far beyond Greece.

对财政悲观的人指陈过去的经验以及公共债务的数字做为主权债危机将远远散布超过希腊的证据。

youdao

Sovereign debt crises have been with us for many, many years.

主权债务危机已经存在许多、许多年了。

youdao

This has prompted another marked difference with past sovereign debt crises: the size of the debts relative to the size of the economies concerned.

这与以往的主权债务危机有明显的不同：债务相较于经济体的规模。

youdao

The only realistic solution, according to Roubini, would be an orderly exchange of old debt for new debt similar to those used in response to sovereign-debt crises in Uruguay, Pakistan, Ukraine and others.

FORBES: Roubini On Europe's 'Last Stand': Don't Fear A Greek Debt Restructuring And A Selective Default

This decline in the anticipated first quarter EPS points to the effect of the European sovereign debt crises, slowing growth in the Asia-Pacific region and the weak economic environment in the U.S. In addition, the company faces increased pressure on its net income on account of higher pension contributions, which have increased as a result of historically low interest rates.

FORBES: FedEx Earnings To Show Weak Global Business Environment