But one economic variable has not adjusted with the others: public and private debt. The value of inherited government debts remains intact, and, aside from a handful of obligations to so-called junior creditors, bank debts also remain untouched.
其实，这几个危机国家勒紧裤腰带的决心是不小的。但是有一个经济变量并没有随着其他变量的调整而改变，那就是公私部门的债务。政府累积债务的账面价值并未改变，银行债务——除了欠普通债权人（junior creditors）的一些债务以外，也基本没变。