Today, Spain and Italy are at risk of losing market access. Official resources need to be tripled – through a larger European Financial Stability Facility (EFSF), Eurobonds, or massive ECB action – to avoid a disastrous run on these sovereigns.
如今，西班牙和意大利正在面临无法从市场上融资的风险。官方资金渠道必须三管齐下——更大规模的欧洲金融稳定基金（EFSF）、欧元债券以及欧洲央行呃大动作——以避免这些国家遭遇灾难性的主权债务挤兑。