It is the private borrowings that are the bank's biggest direct source of funds.

Economic evidence indicates the crisis may have more to do with trade deficits (which require private borrowing to fund) than public debt levels.

The money would be used to ease debt payments, thus giving the countries easier access to private borrowing.

The heavy drain leaves an inadequate amount for private borrowing, and the competition for limited funds drives up interest rates.

But in such a situation the same effects will follow from private borrowing and spending.

Yet, as your article suggests, the flow of private borrowing to finance that deficit is already dangerously excessive.

Federal and private borrowing relies significantly on foreign capital.

The monetary fund research, for example, suggests that arguments about how larger deficits necessarily crowd out private borrowing do not generally hold up.

More than a third of international private borrowing is carried out in euro.

Reflecting that change, the demand for private borrowing through the bond market climbed slightly in the third quarter.