Today, sovereigns are more often democratically elected governments, but they still borrow. And they still occasionally find themselves in situations in which their debt has become unsustainable and they need outside help to continue to meet their debt-service obligations.
如今，主权国家往往都由民选政府执掌，但它们依然会去借债。同时也不时发现自己处于无力继续用新债补旧债的状况之下，只得向外界求援以继续承担自身的偿付责任。