If default is to secure a deep cancellation of debt, it must be driven by Greece and it should be coercive as far as the Banks are concerned.

如果债务违约要确保大量削减债务，就必须由希腊自己推动，强迫银行执行。

youdao

Multilateral debt relief undertaken by the World Bank, the International Monetary Fund and the African Development Bank will bring about the full cancellation of $50 billion of debt over 40 years.

世界银行、国际货币基金会和非洲开发银行的多边债务减免工作将在40年的时间内全部免除500亿美元的债务。

youdao

At the turn of the millennium, the debt cancellation campaign, inspired by the Jewish concept of Jubilee, aimed to give the poorest countries a fresh start.

在超过的一千年中，债务迫使竞选取消，被犹太周年纪念观念所鼓舞，旨在给最穷的国家以新的起点。

youdao

As such, forgiveness of a non-recourse mortgage resulting from a foreclosure does not result in cancellation of debt income.

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All of these questions are critical in resolving Cancellation of Debt (COD) issues.

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Because the exceptions to cancellation of debt income are narrow, Congress enacted the Mortgage Forgiveness Debt Relief Act in 2007.

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