"Our job was to clear up their balance sheets, restructure their debt, cut their costs and put the new management in a position to execute a turnaround.
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If Greece, Ireland, and Portugal do not restructure their debt in an orderly fashion they will ultimately have to default unilaterally.
如果希腊、爱尔兰和葡萄牙不以有序方式重组债务,它们最终将不得不单方违约。
By moving into Chapter 11, the proprietors have a chance to restructure their debt payments, shrug off the grip of some creditors and cut costs.
按照《破产法》第11章,业主有机会重建他们的债务款项,摆脱一些债主的控制,削减成本。
At the same time, the euro region is still threatened by the risk that countries receiving aid won't be able to tame their deficits and may be forced to restructure debt.
与此同时,欧元地区应警醒自己,接受援助并不会解决赤字问题而且可能被迫债务重组。
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