Meanwhile, Europe has fallen prey to a different ideological trap: the belief that European governments would always have infinite resources and could continue borrowing as if there were no tomorrow.
出自-2012年6月阅读原文
Unlike the Americans, who felt that the markets knew best, the Europeans failed to anticipate how the markets would react to their endless borrowing
A borrowing is something such as a word or an idea that someone has taken from another language or from another person's work and used in their own language or work.