That pattern came to a sudden stop in the financial crisis of 2008. Private-sector leverage declined and public-sector leverage reached – and exceeded – sustainable limits, with Greece being only the most extreme example.
2008年金融危机的爆发让这一模式戛然而止。私人部门的杠杆降低了，而公共部门的杠杆已经触及（并超过）了可持续的最大规模，希腊只是一个较极端的例子。