This distinction between foreign and domestic debt is particularly important in the context of the euro crisis, because eurozone countries cannot devalue to increase exports if this is required to service foreign debt. And the evidence confirms that the euro crisis is not really about sovereign debt, but about foreign debt.
外债和内债的区别在欧元危机期间显得尤其重要，因为欧元区成员国无法像其它国家一样通过贬值货币来提高出口，从而减轻外债。而事实证明欧元危机其实并不是主权危机，而是外债危机。