But a lesson from Italy and Spain is that bond markets worry as much about economies' ability to grow as the size of their deficit.

但是来自意大利和西班牙的教训是债券市场对于经济体赤字规模以及它们的增长能力保持同样的担忧。

youdao

They propose an insurance system with premiums based on each country’s debt and budget deficit. The money raised would be used for loans to euro members shut out of bond markets.

他们建议成立一个保险基金，依各国债务与预算赤字情况确定保险费，所得资金可贷给那些无法在债券市场上筹资的欧元区成员国。

youdao

At some point, I asked Bentsen how much we'd have to reduce the deficit to rally the bond market.

在会议的某个时刻，我问本特森，我们应削减多少赤字才能为债券市场注入活力。

youdao

Rather than gnashing their teeth over the deficit, the Bond Vigilantes will rejoice that we have found the True Path.

FORBES: John Mauldin And The Zen Of Deleveraging

Currency intervention by Asian central banks helps to explain why America has so far been able to finance its deficit without higher American bond yields or a bigger fall in the dollar.

ECONOMIST: A further steep decline in the dollar seems inevitable

In America, paradoxically, the Greek crisis has, if anything, removed the pressure for deficit reduction, by reducing bond yields.

ECONOMIST: World economy