Ireland is not far behind: it has sold euro 10 billion of bonds out of a gross borrowing requirement of around euro 25 billion.

爱尔兰也不甘落后，售出了大概250亿欧元总借债需求中的100亿国债。

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Ireland has already raised enough money to finance this year's borrowing requirement (it will spread the cost of bank bail-outs over several years) and has a big cash buffer besides.

爱尔兰已筹集到足够的资金来满足今年财政的借款需求(它将会在未来几年分摊银行纾困的开支)，并且有了较大数额的现金缓冲。

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If the transfer does not meet this requirement, the two parties to the transaction must account for the transfer as a secured borrowing with a pledge of collateral.

如果转让并不符合这一要求，双方的交易必须转移帐户作为质押担保借款的担保品。

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Labour is vulnerable to a loss of confidence among the investors who must finance the government's huge borrowing requirement.

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The sheer scale of Spain's borrowing requirement will be a major test of the reawakened investor appetite for Spanish debt.

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That was ruled by the Treasury as falling outside the public sector borrowing requirement because it claimed the risk of default was so small.

ECONOMIST: The London Underground