A better argument for Italy's robustness is that its public debt is so vast that investors cannot afford to abandon it: Italian treasuries make up the third-biggest bond market in the world.

一个关于意大利经济稳健更有力的论点是说，它的公共债务太多了以至于投资者承担不起抛售它们的费用：意大利国债构成了全球第三大债券市场。

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With the world’s biggest sovereign-bond market and trusted institutions, America will be able to carry a higher public-debt burden than Greece.

美国拥有世界上最大的主权债务（国债）市场和可信机构。 因此，跟希腊相比，美国能承受更重的债务负担。

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Spain is in the markets' sights and the trouble is spreading to Italy, home of the world's third-largest market for public debt.

西班牙的灾难正在向世界第三大公债市场意大利蔓延。

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Investment bankers say that some Japanese companies are so worried about rising public debt leading to a bond-market crash or to inflation (how else to get rid of debts of this size except by printing money?) that they are trying to shrink their domestic operations and expand their foreign ones.

ECONOMIST: Japanese finances

There are exceptions to this rosy picture, the obvious one being Asia's most developed market, Japan, whose gross public debt is almost 200% of GDP.

ECONOMIST: The new problem with Asian sovereign debt��scarcity

Expect the fallout from too much debt everywhere to colr market action and part of gthe public debate about t he future of Capitalism.

FORBES: The Global Debt Bubble Damns 2012