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1·An immediate commitment to balance the budget might be a rather more austere economic diet than equity investors would desire, even if bond investors took cheer.

与股票投资者的期望相比，即使债券投资者受到鼓舞，立即承诺平衡预算也可能会是一个更为紧缩的经济节俭方案。

2·It says, American banks' direct risk to Europe is till controllable, but if the euro countries continue to austere their budget, the American banks may not able to stand resist its negative impact.

惠誉表示，“美国银行对欧洲的直接风险敞口尚在可控范围内，但如果欧洲国家进一步进行财政紧缩，美国银行业或难以继续抵御负面影响。