就在信贷危机酝酿之前,投资者对挥霍无度的意大利公债的热情甚至不亚于对节俭的德国国债的热衷。
Before the credit crisis started to brew, investors were almost as keen to own the public debt of profligate Italy as that of prudent Germany.
挥霍应该是一种新式的审慎。但在长久以来一直把节俭当作一种不言而喻的美德的亚洲,这一观点还未盛行。
Profligacy is the new prudence. But in Asia, where saving has long been a self-evident virtue, that message has yet to catch on.
他们口称现在很节俭,但实际上他们如2007年一样挥霍。
They say they are being frugal, but really they are splurging like it is 2007.
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