Royal bank of Scotland reckons that foreign Banks own about euro1 trillion of the sovereign debt of Greece, Portugal and Spain.

苏格兰皇家银行认为，外资银行持有约1万亿欧元的希腊、葡萄牙和西班牙主权债务。

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In Europe, Tier 1 ratios were distorted because bank regulators decided that sovereign debt (the bonds of countries including Greece and Portugal) should be considered risk-free.

在欧洲，由于银行高管认定主权债务(包括希腊和葡萄牙在内的国家的债券)没有风险，一级资本充足率便被扭曲了。

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According to the bank for International Settlements, public-sector bonds account for only about 15% of European Banks' exposure to Greece, Ireland, Portugal and Spain.

根据国际结算银行，公共部门债券只仅仅占到了欧洲银行对希腊，爱尔兰，葡萄牙和西班牙的15%。

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The Bank of Portugal warned on Tuesday that the country might need substantial new austerity measures to ensure it can meet budget reduction targets.

BBC: Portugal and Greece downgraded on debt worries

On joining the euro, the central-bank governor promised (with disarming modesty) that the position of Portugal inside the single currency would be like Mississippi's in the United States: imbalances that led to an IMF bail-out in 1977 and again in 1983 would be a thing of the past.

ECONOMIST: Portugal and the euro

Contador will compete for his new Saxo Bank team in the Tour of Algarve, a five-stage race through southern Portugal.

BBC: Spanish rider Alberto Contador cleared of doping charge