Its public debt weighs less heavily on markets because much of it is owned by Italians, whose high savings mean that aggregate public plus private borrowing is in line with other euro-area countries.

其公共债务对市场的影响力不大，因为大部分公共债务的债权人是持有高额储蓄的意大利人，意味着非私人借贷部分的公共债务总额同欧元区其它国家的水平差不多。

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Although its size is what makes some investors tremble, its bigger and more liquid public-debt markets also offer protection.

尽管它的规模让投资者生畏，但它更大更流畅的国债市场也可以提供保护。

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The bond markets are especially concerned about Greece and Ireland; but fears are growing even over such big countries as Italy (where public debt stands at over 100% of GDP) and Spain.

债券市场特别关注希腊与爱尔兰，但对像意大利(其国债已超过GDP的100%)和西班牙这样的大国的担心与日俱增。

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Since March 2009, access to public equity and public debt markets have given listed REITs a crucial advantage over other real estate investment managers.

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For three decades they have acted as quasi-official regulators of public debt markets, and yet enjoyed the fat fees of financial intermediaries, all the while escaping the brunt of attacks on bankers, auditors and the rest of the financial industry.

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Although its size is what makes some investors tremble, its bigger and more liquid public-debt markets also offer protection.

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