Portugal, Greece and (to a lesser extent) Spain still have big current-account deficits, and so are still adding to their already high foreignliabilities.
For the last two decades America has been spending more than its income, increasing its foreignliabilities and amassing debts that have become unsustainable.
因为最近二十年来，美国的花销已经超过了开支，越发增加的海外责任和堆积的债务已经无以为继。
3
In a world of fluctuating currencies, however, accumulating large quantities of net foreignliabilities is easiest for countries able to borrow freely in their own currencies.