Spain has deep problems, but even with a big bank bail-out it should be able to keep its public debt at a sustainable level (see article).

西班牙问题严重，但即便是对大型银行实施救助的话，它也应当能使公共债务维持在可承受界限内。

youdao

There is no good theory on what is the right level of public debt.

就公共债务的比例而言，并没有合适的理论来规定其最佳比例。

youdao

In particular, the level of public debt remains too high in Italy, Belgium and Greece, and to a lesser extent in France and Germany (see chart 3).

尤其在意大利，比利时和希腊，公债始终处于较高水平。在法国和德国则相对较低。

youdao

"The most material reasons are the level of household debt, the high level of public spending, and the inefficiency of the public sector, " he claims.

BBC: Budget 2013: Should the government plough ahead with cuts?

In Italy, the high level of public debt means the government could not afford much by way of state support.

ECONOMIST: The euro-area economy

This, more than weak growth or the current level of public debt, is what has given the major ratings agencies cause for concern.

BBC: Could the US economy go the way of Japan?