It began in Athens. It is spreading to Lisbon and Madrid. But it would be a grave mistake to assume that the sovereign debt crisis that is unfolding will remain confined to the weaker eurozone economies. For this is more than just a Mediterranean problem with a farmyard acronym. It is a fiscal crisis of the western world. Its ramifications are far more profound than most investors currently appreciate.
這場正在展開的主權債務危機始于雅典，正向里斯本和馬德里蔓延。但如果以為它仍將局限于實力較弱的歐元區經濟體，那就大錯特錯了。因為這不是一個用鄉村縮略語就能代表的地中海問題，而是一場西方世界的財政危機，其影響比多數投資者目前所意識到的深遠得多。
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