Fears of contagion from Ireland’s banking problems swept through Europe, sending the euro to its lowest level against the dollar in two months and hurting share prices.

对于爱尔兰银行问题向外蔓延的恐慌席卷欧洲，导致欧元兑美元汇率跌至两个月来的最低水平，并挫伤了股价。

Banks bore the brunt of the losses in equity markets on Tuesday while the bond markets of the peripheral eurozone economies came under pressure.

在周二的股市下跌中，银行股首当其冲，欧元区边缘经济体的债券市场也面临压力。

A poor Spanish debt auction, which forced the country to pay extremely high premiums, prompted some investors to ask if the eurozone crisis could spread to Madrid and threaten the single European currency.

西班牙国债拍卖人气不佳，迫使该国支付极高的利息。这使得一些投资者质疑：欧元区危机是否会蔓延到马德里，并威胁欧洲单一货币？

Spain’s cost of borrowing jumped to a record over Germany – Madrid now has to pay a significantly higher interest rate for three months of borrowing than Germany pays for five-year debt.

西班牙借债成本超过德国的幅度达到创纪录水平——马德里当前需要为三月期债券支付的利率，显著高于德国五年期债券的利率。

Irish bank shares plunged more than 20 per cent with Bank of Ireland and Allied Irish Banks suffering some of the biggest losses in spite of efforts by policymakers to draw a line in the sand around Dublin to contain the crisis.

虽然政策制定者努力遏制爱尔兰危机，但爱尔兰银行股还是下跌超过20%，其中爱尔兰银行(Bank of Ireland)和爱尔兰联合银行(Allied Irish Banks)承受了最大的跌幅。

Alan Wilde, head of fixed income and currency at Baring Asset Management, said: “Contagion is a big problem for the eurozone. The danger is that worries about Ireland will continue rather than ease, and the crisis will spread to Portugal and then to Spain. If Spain needs to be bailed out, then that raises worries about the eurozone as a whole.”

霸菱资产管理公司(Baring Asset Management)固定收益和货币主管艾伦•王尔德(Alan Wilde)表示：“危机蔓延对欧元区是一个大问题。危险在于，各方对于爱尔兰的担忧非但不会停息，反而会继续下去，危机会蔓延到葡萄牙、西班牙。如果西班牙需要纾困，对于欧元区的整体担忧就会加重。”

The Dublin government will present a four-year austerity plan on Wednesday that aims to slash the deficit without plunging the economy into a slump.

爱尔兰政府周三将发布一份为期四年的财政紧缩计划，以求在避免经济陷入低迷的情况下削减财政赤字。