| 单词 | sovereign debt |
| 释义 | sovereign debt sovereign debt Debt issued by a national government in the form of bonds in a reserve currency. The level of risk in the bond is reflected in the rate of interest payable on it. Traditionally, sovereign debt had been considered low-risk, as governments were believed to have a variety of means to ensure they did not default on their obligations. However, since the 1990s there have been several sovereign debt crises, in which high ratios of debt to GDP have resulted in a perceived risk of default on sovereign bonds. Following the financial crisis of 2008–09, sovereign debt in some eurozone countries, notably Greece and Cyprus, reached levels that required international intervention to avoid the risk of default (seeEuropean Stability Mechanism). |
| 随便看 |
|
英汉经管词典收录了6519条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。