The last is over how to restructure excess debt.
最后一个选择是如何对过剩债务进行重组。
The fund, which knows how to restructure debt, must ensure the process is run in a competent manner.
至于债与重组的资金,必须保证债务重组的进程是是具有竞争力的。
So the state probably would default on its bank debt (“restructure” the debt is the current euphemism), and this might bring down the banks that had made the loans that were now in default.
所以,这个州很可能无法履行银行债务(用流行的委婉说法,它要进行债务“重组”),贷款得不到偿还的银行可能因此被拖垮。
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