With everyone busy deleveraging, economies failed to recover. Much of the world, especially Europe, but also the slightly less sickly US, remains stuck in a semi-slump.
于是政府出手拯救银行和经济，从而产生主权债务危机。由于每个人都忙于减少债务，经济就无法复苏。世界上很多地方——尤其是欧洲，当然也包括受影响稍微没这么严重的美国，仍身陷于半衰退之中。