For 20 years, Japan has been able to recycle savings to pay for its fiscal deficits.
20年来，日本已能回收存款来支付其财政赤字。
If you are a country like the US, the UK, or Japan that can monetize its fiscal deficits, then you won't have a sovereign debt event but high inflation that erodes the value of public debt.
如果你是一个类似美国、英国，或日本那样的国家，可以货币化自身的财政赤字，那么，你将不会发生主权债务问题，取而代之的是稀释公债价值的高通货膨胀。
Japan has run continuous fiscal deficits and seen its debt downgraded by the ratings agencies.
日本连年都有财政赤字而其债券也被评级机构降级。
Ghana's 12-place decline in the index is blamed mostly on its worsening macroeconomic situation, characterised by large fiscal deficits, rising public debt and high inflation.
加纳的排名下降了12位，主要原因是宏观经济情况的恶化，包括大幅增加的财政赤字，高额的公共债务以及高通货膨胀率。
When Greece was bailed out in 2010 its current-account and fiscal deficits as a share of GDP far exceeded Argentina's at the time of that country's default in late 2001 (see article).
2010年对希腊救市的时候，其经常项目与财政赤字在GDP中的份额远远超过2001年末阿根廷违约时的情况。
As the largest and most important economy in the world, the us should take the initiative to adjust its policies, raise its savings ratio appropriately and reduce its trade and fiscal deficits.
作为全世界最大最重要的经济体，美国应当采取措施调整政策，适度提高储蓄利率，缩小贸易逆差，减少财政赤字。
Worse, Germany does wish to see a sharp move by its partners towards smaller fiscal deficits.
更糟糕的是，德国的确希望看到其伙伴大刀阔斧地缩小财政赤字。
Worse, Germany does wish to see a sharp move by its partners towards smaller fiscal deficits.
更糟糕的是，德国的确希望看到其伙伴大刀阔斧地缩小财政赤字。
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