But strong GDP growth masked the underlying weakness of the public finances.
但是，GDP增长强劲掩盖了公共财政的潜在问题。
Each portrays himself as a decisive, frank and humane steward of the public finances.
他们都鼓吹自己是果决、坦诚、仁爱的财政管理者。
Even the European Central Bank has praised its efforts to sort out the public finances.
就连欧洲中央银行也对其处理公共财政的努力表示肯定。
Regardless of its source, borrowing on this scale plays havoc with the public finances.
不管这种说法的根据是什么，我们都可以说，如此规模的借款是在严重破坏公共金融。
If Greece is to get itself out of trouble, fixing the public finances is only the beginning.
若希腊想摆脱困境，纠正其公共财政问题只是刚刚开始而已。
The shrinking of the financial sector may have caused a permanent dent in the public finances.
金融产业的缩水可能永久创伤公共财政。
Recession, from which Argentina is now recovering, pushed the public finances into the red.
尽管阿根廷的形势正在好转，但之前的经济衰退把公共财政推向赤字。
Fiscal policy is also extraordinarily loose, as the deterioration in the public finances testifies.
公共财经状况的恶化证明了财政政策同样异常松弛。
The public finances may not be in great shape, but they are hardly the worst in the rich world.
公共财政的状态也许并不健康，但是也谈不上是富裕世界里最差的。
The first crucial decision he had to make was his goal for the public finances: his “fiscal mandate”.
他必须做的第一个重要决定有关公共财政目标，即“财政命令”。
If a chancellor has the gumption-and Mr Osborne seems to-he can bend the public finances to his will.
如果一个财政大臣够英明，奥斯本看起来挺英明，那么他应该想把公共财政怎么样就怎么样。
The risk if nothing happens is that Mr Tremonti’s good work on the public finances could be undone.
如果任何措施都没有实施，特雷蒙蒂先生在公共财政方面优秀的工作可能付之东流。
Mr Koo is right that the public finances should not be considered in isolation from the rest of the economy.
Richard Koo先生认为公共财政不能孤立于其他经济体来考虑，这个观点是正确的。
The costs of the rescue mounted as the Banks' losses grew, springing a giant hole in the public finances.
挽救经济危机的成本随着银行损失的增加而与日俱增，迅速地在公共财政中形成了巨大窟窿。
The rapid deterioration in the public finances has unnerved bond markets and raised Ireland’s borrowing costs.
公共财政剧烈恶化，使得债券市场颇为不安，爱尔兰借贷也愈发艰难。
There was also gruesome evidence on Thursday of the damage being done by the recession to the public finances.
上周四发布的数据中还有公共财政方面的可怕数字。
Unexpectedly, the crisis in the public finances may improve co-operation by making forces pool their resources.
令人出乎意料地是，公共财政的危机可能会提高通过集中武装力量进行的合作。
Yet the most striking part of the commission’s reckoning is the impact of recession on the public finances.
然而，最引人注目的该委员会预测部分是经济衰退对公共财政的冲击。
That is why the sustainability of the public finances must be credible, as the original letter writers argued.
这就是公共财政的可持续性必须可信的原因所在，正如第一封信的作者所辩称的。
Defensive Eurocrats point out that the public finances of the euro area as a whole are no worse than America's.
欧盟官员辩护说作为一个整体欧元区公共财务状况并不比美国的差。
There is obvious damage: high unemployment, millions of foreclosed homes and a huge hole in the public finances.
破坏性还是很明显的：高失业率、上百万因抵押而无法回收的房屋和千疮百孔的公共财政。
It would be foolish to focus on fixing the financial industry only to find that the public finances are left in ruins.
仅注重修补金融业而导致公共财政奔溃将会是一项愚蠢的做法。
With the economy close to stagnation and the public finances in a parlous state, a spur to demand would be welcome.
随着经济接近停滞和财政状况处在危险中，刺激需求将受到欢迎。
DAY of reckoning has loomed ever since the banking crisis and recession took a wrecking ball to the public finances.
银行业危机和经济衰退使公共财政千疮百孔，盘点指日可待。
That has limited the state’s ability to force losses on the banks’ bondholders and left the public finances in ruins.
不过，这种不明智的选择，不但让国家迫使银行债券持有人背负损失的能力大打折扣，也会将公共财政逼到崩塌的境地。
The chasm in the public finances cannot be closed by the efficiency savings endlessly invoked by the two main parties.
公共财政中的这层缺口是不可能被这两个主要党不断制造的有效存款给填补上了。
A DAY of reckoning has loomed ever since the banking crisis and recession took a wrecking ball to the public finances.
银行业危机和经济衰退使公共财政千疮百孔，盘点指日可待。
But, when it comes to the public finances, Mr Osborne is a sober fiscal hawk rather than a gung-ho Reaganite tax-cutter.
但是，涉及到公共财政时，奥斯本是一个头脑清醒的财务鹰派人士，而不是激进的里根式减税者。
But, when it comes to the public finances, Mr Osborne is a sober fiscal hawk rather than a gung-ho Reaganite tax-cutter.
但是，涉及到公共财政时，奥斯本是一个头脑清醒的财务鹰派人士，而不是激进的里根式减税者。
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