Caution! The site can't guarantee, that text has age permission. The site is not recommended, if you are less than 18 years old.
The site shows example sentences for English words. How the word or phrase could be used in a sentence?
" ... OK, that's good so far. However, there's still a massive fear of "mutualising" the debt. That is, that the taxpayers of one eurozone country might end up on the hook for the losses that come about if some other eurozone country defaults on its bonds. Or even the losses that come from price changes. So 80% of the purchases are going to be by the local branch of the ECB (Bundesbank for Germany, Bank of France for France and so on) and the credit and price risks remain on the books of those local branches. Further, that 80% of purchases is only going to be in the local bonds of those national branches. So, the Bank of France buys French debt, the Bundesbank German and so on. Only the other 20% is spread out across the zone as a whole and done by the ECB centrally (and Greece ain't in the program, not until the deal gets signed off in a few months). ... "