Meanwhile, the ability to backstop, ring-fence, and bail out banks and other financial institutions is constrained by politics and near-insolvent sovereigns’ inability to absorb additional losses from their banking systems. As a result, sovereign risk is now becoming banking risk.
与此同时，阻挡、隔离和原著银行及其他金融机构的能力也因政治和濒于破产国无力吸收银行系统更多的债务而被束缚住了。结果，主权风险正在演变为银行风险。事实上，不少国家（特别是欧元区）正在把越来越多的公共债务转移到银行的资产负债表上。