Germany will make itself heard-at a time of crisis, the euro zone needs its biggest creditor.(德國將在危機期間有所表達：歐元區需要德國這個最大的債主。)

So complimenting a friend's awful haircut or telling a creditor that the check is in the mail both qualify.(比如，贊美朋友可怕的發型，或告訴債權人，還款支票已經郵出了。)

But creditor Banks have extended the due date on expiring loans to 2012, giving the company breathing space.(不過債權銀行已經將貸款的到期日延長到了2012年，這讓公司有了喘息的空間。)

If some bonds offer stronger creditor protection against default, should they receive more lenient treatment?(如果有些公債能夠針對違約為債權人提供更堅實的保護，他們是否應該受到比較仁慈的對待？)

Compared with Italy, the latest target of creditor angst, on many counts Japan is more troubling.(比起最近令債權人擔憂的意大利，日本的各個方面都更加令人憂慮。)

The creditor repossesses the property, sells it for 100, and books loss of 50.(債權人收回房產，將它以100賣出，并記錄損失50。)

The creditor nations could boost domestic demand, to provide a bigger market for debtors' exports.(債權國可以提高國內需求為債務國的出口提供一個較為廣闊的市場。)

As the biggest creditor country, Germany holds the key to resolving the euro zone's sovereign-debt crisis.(德國作為最大的債權國手里握有解決歐元主權債務危機的金鑰匙。)

But, its real value declines by 50%. The creditor loses 75 in real terms in the inflation scenario.(但是由于真實價值貶值了50%，所以，債權人因通脹損失了75。)

This sets the stage for long, fierce battles between different classes of creditor.(因此不同陣營的債權人之間，會進行長期而激烈的角力。)