The low failure rate was interpreted by some as proof that the tests had been too soft, but disclosure of sovereign-debt exposure reassured others.

一些人认为，这种低的不格率证明了此项压力测试过于温和，然而主权债务风险的披露却让另一些人重拾信心。

youdao

I believe it's going to be more of a sovereign-fiscal issue as opposed to an interest-rate issue.

我相信多半是关于主权财政问题，而不是关于利率问题。

youdao

More serious sovereigndebt risk, the greater the rate of inflation, higher international reserves, sovereign debtrisk is less likely to occur.

通货膨胀率越严重主权债务风险就越大，国际储备越高则越不易发生主权债务风险。 。

youdao

The European Central Bank, operating within the legal limits imposed on it by the treaties that govern the European Union, is providing some liquidity to the banks and a bit of relief on the interest-rate front for sovereign borrowers, but it cannot do much to prevent the insolvent from being forced to default.

WSJ: Agenda | Irwin Stelzer: Euro-Zone Shark Still Has Its Appetite

Despite a climb in yields on ten-year government bonds to above 7%, the average interest rate Portugal pays on sovereign borrowing is only 3.6%, says Mr Teixeira dos Santos.

ECONOMIST: The government insists it is neither Greece nor Ireland

As the Italian economy slows, as many expect it will, the ECB may be forced to expand its balance sheet again with interest rate cuts and possibly some form of sovereign bond purchasing, which we ever more ironically refer to as QE.

FORBES: Outlook For A Weaker Euro As Concern Moves Toward Rome