Yet if leaving the euro is unthinkable, the risk of default by a country that stays in has clearly gone up.

不过，如果说退出对欧元的使用是想都不要想的事情，而欧元区国家的违约风险也已经明显上升。

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Yet if leaving the euro is unthinkable, the risk of default by a country that stays in has clearly gone up.

ECONOMIST: The euro: High tensions | The

The risk of devaluation was gone and the chance of default seemed tiny, to judge from the markets' judgment that bonds issued by thrifty states were barely worth any more than those of profligate ones.

ECONOMIST: Charlemagne: The name's Bond. Eurobond | The