in theory the fire in the bond markets could be doused by fiscal transfers and the mutualisation of debt.

理论上讲，债券市场过热可以通过财政调拨和债务互助来进行调控。

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There has also been a significant shift in attitude towards the mutualisation of the Rock at HM Treasury.

BBC: Will Northern Rock be re-mutualised?

Germany's price for any mutualisation of liabilities is greater economic and political integration.

ECONOMIST: Charlemagne

Debt mutualisation can be devised to stop short of a permanent transfer union.

ECONOMIST: The euro zone