Even if Europe's Banks don't face a liquidity crunch, a drop in the value of sovereign bonds would severely deplete their capital, forcing them to halt new lending.

即使欧洲银行不会面临流动性紧缩问题，如果其持有的主权债券贬值，其资本仍将严重下降，这将迫使它们停止发放新贷款。

youdao

Third is the European financial crisis sparked by the insolvency of Greece (no mere liquidity crisis in that country-it's broke), which has driven down the value of the Euro relative to the dollar.

第三，由希腊破产(并非流动性危机，而是崩溃)给欧洲的财政危机雪上加霜，从而导致欧元相对于美元贬值。

youdao

Meantime, maintaining an artificially low value for the renminbi creates excess liquidity in China.

与此同时，人为地维持较低的人民币汇率，给中国制造了过剩的流动性。

youdao

And because investors value liquidity, the bias of market forces is towards the consolidation of trading in one place, or at least to a place linked to many others.

ECONOMIST: Stockmarket regulation

For most investors in technology start-ups, the typical approach entails a five-year investment horizon that will enable the company to build market share and a sizeable customer base, making it ripe for a high-value liquidity event.

FORBES: Forget The Long Term: Building Your Startup For A Quick Exit

All that really means is that investors value the immediate liquidity that is associated with a public company.

FORBES: Get Into Pre-IPO Names with This Fund