当2009年末，迪拜不得不承认无法偿还债务时，很多人幸灾乐祸。
THERE was plenty of Schadenfreude when, in late 2009, Dubai was forced to admit it had trouble paying its debts.
信用违约互换是投资者对冲或押注无法偿还债务企业的金融衍生品。
Credit default swaps are derivatives that investors use to protect against, or bet on, an entity being unable to repay its debts.
但他们也承认，一些国家不仅需要过渡性贷款维持生命，还有可能无法偿还债务。
Only belatedly have they recognised that some countries are not just in need of bridging loans to tide them over, but may be unable to repay their debts.
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