The bond selloff extended Monday「s declines, suggesting that Sunday」s agreement by European governments to bail out Ireland and set up a permanent rescue fund has left investors cold.
债市扩大周一跌幅,说明欧洲各国周日达成的救援爱尔兰、设立一只常备救助基金的协议并未打动投资者。
It has bailed out three countries, created an embryonic rescue fund and, only this week, toughened up fiscal discipline with threats of early sanctions for miscreants.
欧元区已经紧急援助了三个国家,成立了初期储备金,仅仅于本周通过威胁对严重违反者实施早期制裁而加强财政纪律。
The euro zone「s most recent plan—to amplify the existing rescue fund with financial engineering and money from China—has failed miserably.
欧元区的最新计划是用来自中国的金融资产重整和金钱来加强现存的拯救基金,但却惨遭失败。
In Brussels, Dutch Finance Minister Jan Kees DE Jager said the rescue fund needed to be bigger.
在布鲁塞尔,荷兰财政大臣JanKeesdeJager称需要更大的救助基金。
He bought sovereign bonds reluctantly and promised the ECB would stop as soon as Europe」s enhanced rescue fund was up and running.
他很不情愿地购买了主权债券并承诺只要欧洲的大量救援资金到位,欧洲央行就会停止买入债券。
Germany belatedly accepted the need for the rescue fund to be larger and more flexible.
德国迟迟地最终还是接受给予更多更灵活的救助基金的需求。
It will take years to repair Greece「s public finances, which means a much larger rescue fund will be needed if it is to avoid default.
希腊需要多年时间才能修复其公共财政,这意味着如果想要防止出现债务违约的话,希腊需要更大规模的救助资金。
However, rumours have been circulating that British banks were also keen to see a rescue fund established, as they hold a large share of the SIVs」 most toxic tranches.
但是,已有谣言流传说英国银行也急切地看到有一个救援基金成立,因为他们拥有SIV最劣质资产的很大一部分。
Add to that the Euro 70 billion or so of fresh borrowing that may be needed to cover Greece「s cumulative budget deficits until 2014 and the scale of a credible rescue fund becomes clear.
在2014年之前还需要额外的700亿欧元来削减希腊积累的预算赤字,那么一个可信的救助基金的规模就变得清晰了。
So too is the threat that losses will be imposed on private creditors when a permanent European rescue fund starts operating in 2013.
当然还有当永久性欧洲救助基金在2013年正式运作时可能对私人借贷者造成损失的威胁。
Without this, they say, the rescue fund will expire in 2013.
他们说,没有这一项,救助基金就将于2013年到期。
This week the European Union said it would raise its own rescue fund from 12 billion euro perhaps to 25 billion euro.
本周,欧盟表示将其救市基金总额从120亿欧元增至约250亿欧元。
The forthcoming plan is three-fold-use the rescue fund as a kind of debt insurance; infuse more money into the European rescue fund; and pressure Banks to write down more debt.
即将到来的计划将救援基金作三种用途:一种债务保险;向欧洲救援基金中注入更多资金;向银行施压以减计债务。
If the Germans believe this, Mrs Merkel will find it easier to agree with her fellow euro-zone leaders to an expanded rescue fund at next month」s eu summit.
如果德国人认为确实如此,那么下个月的欧盟峰会上Merkel女士与其他欧元区伙伴领导将会更容易通过一项扩张性的援助基金。
Second, there is growing confusion about what the revamped rescue fund should do.
第二,人们越来越怀疑这个翻新的营救基金所能发挥的作用。