For years the bank for International Settlements (BIS), the Basel-based bank for central Banks, warned policymakers that they were not paying enough heed to the rapid growth in borrowing.
Right now, the United States enjoys huge advantages when borrowing on international markets.
现在，美国在向国际市场借贷时享受着巨大优惠。
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That reduced the effective burden of the South American country's debt by around 15% at little cost: soon afterwards it was borrowing again in international markets.