即使是中国的敬重者们，也不会指不出中国的恶性债务的问题。
Even admirers, though, cannot fail to spot China's bad-debt problem.
但是债务重组会终止信心下降利率上涨的恶性循环，有可能使让内部贬值成为一种可行的但却非常残酷的战略。
But a debt restructuring could bring the vicious circle of falling confidence and rising interest costs to an end, potentially making internal devaluation a workable if brutal strategy.
这是至关重要的，因为如果债券收益大幅提高，就会引发外债偿还成本和债务上升的恶性循环。
That is vital; if gilt yields were to rise sharply it could lead to a vicious circle of rising debt-servicing costs and higher debt.
2008年，下跌中的市场带来这样一个恶性循环：股价下跌导致债务违约和投资者的火线抛售，这又使得股价进一步下跌。
In 2008, falling markets caused a vicious circle of debt defaults and fire sales by investors, pushing asset prices down even further.
当这些减免遭遇新的援助时，减免债务的善意呼吁就显得微不足道，恶性循环再次开始。
Well-meaning calls to cancel debt mean little when the cancellation is met with the fresh infusion of aid, and the vicious cycle starts up once again.
除非巴基斯坦能解决其循环的债务和混乱的恶性循环，否则巴基斯坦民众会继续发泄他们的愤怒。
Unless the Pakistani government can solve its cycle of debt and disorganisation, ordinary Pakistanis will continue to vent their fury.
希腊的问题彰显出欧元区长期以来的担忧，即缺乏手段确保成员国债务不会恶性失控。
Greece's problems underscore longstanding concerns the European monetary union lacks the tools to make sure members' debts don't spiral out of control.
随着每家每户都负担着庞大的债务，缩水的工资将加重他们的经济压力，在最坏的情况下甚至会形成工资和物价通缩的恶性循环。
With households carrying big debts, falling incomes could heighten financial stress and, at worst, initiate a cycle of wage and price deflation.
经济必须能够产生足够的税收来偿还债务或者必须有到位的保障措施防止任何试图缩减债务规模的政策从螺旋上升变为恶性通胀。
The economy must generate enough taxes to service the debt or must have safeguards in place to stop any attempt to inflate the debt away from spiralling into hyperinflation.
这些工人无疑已经陷入了一个恶性循环，在他们付钱给中间人的时候，他们已经在出国前就背负债务了。
Theses workers are already in a vicious cycle, when they are paying the brokers in the first place, they are in debt before they leave the country.
人们担心金融市场已经进入恶性循环，即不论他们相信借款人能够偿还债务与否，都被迫卖出债券及贷款。
The fear is that the financial markets have entered a negative spiral with being forced to sell bonds and loans, whether or not they believe the borrowers will eventually repay.
这样就造成了一种恶性循环，可能造成一国越来越依赖外部援助，直至最终债务违约。
This creates a downward spiral in which a country becomes dependent on bailouts until it finally defaults.
如果增长率继续下降，希腊将无法实现财政收入目标，甚至会要求更多援助。市场走势表明，投资者预期希腊最终将会债务违约，很大程度上正是因为担忧上述恶性循环。
A further decline in growth could cause Greece to miss revenue targets and even seek more bailouts, which is largely why the market is pricing in the likelihood that Greece will eventually default.
担心的事有很多，包括银行系统的危机会影响到国家债务，相反国家债务又会牵连到银行自身使其进入恶性循环。
The list of worries is long. Concerns about the Banks affect sovereign debt, which in turn affects the Banks in a vicious circle.
随着保险成本上升，会导致债务价格和股价双双下滑，触发致命的恶性循环。
As the cost of insurance increases, it then causes both the price of the debt and the stock to go down, triggering a death spiral.
这将是一个高的恶性循环，更高的利率，越来越多的债务。
It would be a vicious cycle of higher and higher interest rates and more and more debt.
这个过程形成了一种恶性循环：消费者和企业推迟支出，导致低迷加剧以及更多的债务违约。
The process can feed on itself: Consumers and businesses delay spending, worsening a downturn and leading to more debt defaults.
这个过程形成了一种恶性循环：消费者和企业推迟支出，导致低迷加剧以及更多的债务违约。
The process can feed on itself: Consumers and businesses delay spending, worsening a downturn and leading to more debt defaults.
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