开始的时候，在金融市场的混乱被描绘成一种清偿危机。

At its onset, the turmoil in financial markets was described as a liquidity crisis.

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在这场考验下，从近期看来，中央银行向各家银行注入资金是正确的，因为这确保了清偿危机没有变成偿付能力危机。

By that test, central Banks were right to lend money to the Banks in recent days, because it ensured that a liquidity crisis did not become a solvency crisis.

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如果危机变得太过严重，欧盟有可能被迫发行由全体成员国担保的欧洲债券，来清偿到期债务。

It's possible that the crisis will become so severe that the eu will be forced to issue euro bonds, guaranteed by all the member nations, to cover the debt.

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