The euro quickly became a major international currency: the euro bond market soon came to rival the dollar bond market; euro bank notes began circulating around the world.

很快，欧元成为主要国际货币之一：欧元债券市场迅速成为美元债券市场的竞争对手；欧元钞票开始在全世界流通。

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With Greek bond yields off the chart, the lack of investor confidence in the ability of Greece to avoid a default on its debt and remain in the euro zone weighed on market sentiment.

随着希腊公债利息飙升，投资者对希腊免于债务违约及留在欧元区的能力缺乏信心，这种信心缺乏对市场情绪产生了重大压力。

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Scared investors rushed into the safest dollar assets, lured by the liquidity of the vast market for us Treasuries, as the euro area was revealed as a mess of fragmented bond markets.

受到美国国债广阔市场的流动性的引诱，惊恐的投资者纷纷抢购最为安全的美元资产，因为欧元区充满混乱，债券市场各自为战。

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Big companies are borrowing more cheaply in the euro-wide bond market.

ECONOMIST: The euro economy

Italy, where bond yields soared to euro-era record levels, saw its stock market lose 25%.

WSJ: World's Woes Leave Lasting Scars

The euro crisis has spread to Italy, the world's third-largest bond market, which means the stock of rich-world government debt that is considered safe has shrunk dramatically.

ECONOMIST: Tackling the slump