Once the artificial stimulus of public borrowing wears off, the fear is that a rationing of credit by enfeebled banks will prevent the private sector from taking up the baton.

• 这将证明上述的乐观都是空欢喜一场。一旦政府债务的人为刺激效应用尽，恐怕信用有限的脆弱银行将成为私有部门承担责任的阻碍。