求一篇意大利债务危机英文的翻译,较专业,希望大家帮忙解答,急The healthy rate of Italian household saving underpinning this could be tapped by the government as an alternative to bond-market funding, which looks a lost cause. B

来源:学生作业帮助网 编辑:六六作业网 时间:2024/12/28 18:58:59
求一篇意大利债务危机英文的翻译,较专业,希望大家帮忙解答,急ThehealthyrateofItalianhouseholdsavingunderpinningthiscouldbetappedbyt

求一篇意大利债务危机英文的翻译,较专业,希望大家帮忙解答,急The healthy rate of Italian household saving underpinning this could be tapped by the government as an alternative to bond-market funding, which looks a lost cause. B
求一篇意大利债务危机英文的翻译,较专业,希望大家帮忙解答,急
The healthy rate of Italian household saving underpinning this could be
tapped by the government as an alternative to bond-market funding, which
looks a lost cause. Because Italy's deficit is fairly small and the
average maturity of the bonds it has already issued is quite long
(around seven years), it would take a while for higher borrowing costs
to make a huge difference to its interest payments. Next year, Italy has
€306 billion of bonds and bills coming due, around a fifth of its stock
of capital-market debt, in addition to the budget deficit it has to
finance. Assuming all new debt is priced at 7.5%, Italy's overall
interest costs would rise by around 1% of GDP next year—steep but not
yet crippling for the sovereign (though Italy's banks would struggle).
Italy's debt could be capped, but could it ever be reduced to a more
comfortable level? Bold privatisation would go some way, but in the long
run what is needed is faster GDP growth. The average Italian was worse
off in 2010 than in 2000: GDP per head fell over the decade (see chart).
Outsiders point to the lost option of devaluation to explain Italy's
funk. But the root cause of Italy's lost export competitiveness is its
dismal productivity growth.
主要意思翻译一下,谢谢大家,论文要用!

求一篇意大利债务危机英文的翻译,较专业,希望大家帮忙解答,急The healthy rate of Italian household saving underpinning this could be tapped by the government as an alternative to bond-market funding, which looks a lost cause. B
意大利的家庭储蓄率可以支撑这个健康
被政府作为一种替代债券市场融资,这
看起来一个失败的事业.因为意大利的赤字是相当小的
已经发行的国债平均期限很长
(七年左右),它将在更高的借贷成本
要使一个巨大的差异,其支付的利息.明年,意大利
€306000000000债券和账单到期,约五分之一的股票
资本市场的债券,除了预算赤字已
金融.假设所有新发行国债定价为7.5%,意大利的整体
利息成本将上升明年陡峭而不是GDP的1%左右
然而,严重的主权(尽管意大利银行将斗争).
意大利的债务将限制,但能降低到一个更
舒适的水平?大胆的私有化将在一定程度上,但在长
运行所需要的是国内生产总值的增长速度.意大利人平均差
在2010比2000:人均GDP跌幅超过十年(见图表).
外界指出,失去了货币贬值来解释意大利的
恐惧.但根本原因是意大利失去的出口竞争力是其
凄凉的生产率增长.
http://fanyi.baidu.com/translate#en/zh/The%20healthy%20rate%20of%20Italian%20household%20saving%20underpinning%20this%20could%20be%20%0Atapped%20by%20the%20government%20as%20an%20alternative%20to%20bond-market%20funding%2C%20which%0A%20looks%20a%20lost%20cause.%20Because%20Italy's%20deficit%20is%20fairly%20small%20and%20the%20%0Aaverage%20maturity%20of%20the%20bonds%20it%20has%20already%20issued%20is%20quite%20long%20%0A(around%20seven%20years)%2C%20it%20would%20take%20a%20while%20for%20higher%20borrowing%20costs%20%0Ato%20make%20a%20huge%20difference%20to%20its%20interest%20payments.%20Next%20year%2C%20Italy%20has%0A%20%E2%82%AC306%20billion%20of%20bonds%20and%20bills%20coming%20due%2C%20around%20a%20fifth%20of%20its%20stock%0A%20of%20capital-market%20debt%2C%20in%20addition%20to%20the%20budget%20deficit%20it%20has%20to%20%0Afinance.%20Assuming%20all%20new%20debt%20is%20priced%20at%207.5%25%2C%20Italy's%20overall%20%0Ainterest%20costs%20would%20rise%20by%20around%201%25%20of%20GDP%20next%20year%E2%80%94steep%20but%20not%20%0Ayet%20crippling%20for%20the%20sovereign%20(though%20Italy's%20banks%20would%20struggle).%0AItaly's%20debt%20could%20be%20capped%2C%20but%20could%20it%20ever%20be%20reduced%20to%20a%20more%20%0Acomfortable%20level%3F%20Bold%20privatisation%20would%20go%20some%20way%2C%20but%20in%20the%20long%0A%20run%20what%20is%20needed%20is%20faster%20GDP%20growth.%20The%20average%20Italian%20was%20worse%20%0Aoff%20in%202010%20than%20in%202000%3A%20GDP%20per%20head%20fell%20over%20the%20decade%20(see%20chart).%0A%20Outsiders%20point%20to%20the%20lost%20option%20of%20devaluation%20to%20explain%20Italy's%20%0Afunk.%20But%20the%20root%20cause%20of%20Italy's%20lost%20export%20competitiveness%20is%20its%20%0Adismal%20productivity%20growth.