莱因哈特夫人认为更多的财政刺激只是延缓了必要的调整,因为这只是用数目更大的公共借款取代了私人债务而已。
Mrs Reinhart thinks more fiscal stimulus merely postpones the necessary adjustment, because it replaces private debt with even greater public borrowing.
那些需要安全担保的欧元投资人可以借款给德国或者法国,然后就能打消对葡萄牙经济和公共财政的担心。
Those who want safe claims in euros can simply lend to Germany or France, and save themselves any worries about Portugal's economy and public finances.
如果他们接受一些风险,建造核电站的借款成本将下降,但总支出难以控制,如果公共设施服务商承担了所有的风险,借款成本将上升。
If they accept some risk, the price of financing facilities drops, but total spend is uncapped; if utility firms carry all the risk, the cost of borrowing will rise.
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