Lucky for Italy, the European Central Bank, which is backed by all members of the euro zone, came riding to the rescue.

让意大利庆幸的是以欧元区所有成员国为后盾的欧洲央行伸出了援手。

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The EFSF will issue bonds that are ultimately backed by the credit ratings of the 17-member nations of the euro zone.

EFSF将发行债券，支撑这些债券发行的是欧元区17个成员国的信贷评级。

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That would allow weaker economies like Italy to finance themselves at lower cost, since the bond would be backed by the financial might of the entire zone.

这可以让像意大利这样更虚弱的经济体以更低代价来为自己筹集资金，由于这种债券将被整个欧元区的金融力量所支持。

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An orderly sale of Italy's state-owned industries and Greece's land holdings would take time, which is no longer available, so the immediate solution to the crisis is to place such hard assets in a euro-zone trust that would then issue euro-zone bonds backed by those assets.

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Italians voted for change, an alternative to the budget austerity and "structural reforms" backed by the euro-zone authorities.

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Next year a Brazilian-built deepwater port, backed by a free-trade zone, is due to open.

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