At first, the preface of this paper introduces the current status quo of sovereign debt restructuring.

本文在前言中首先介绍了当前主权债务的现状。

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We welcome the progress made to strengthen the orderliness and predictability of the sovereign debt restructuring process.

我们欢迎在增强主权债务重组有序性和可预见性方面取得的进展。

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We will continue to promote the orderliness and predictability of sovereign debt restructuring processes and strengthen debt sustainability frameworks.

我们将继续推动主权债务重组进程的有序性和可预期性，并加强债务可持续性框架。

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That makes the case for Spanish sovereign debt restructuring (not just Portugal) more likely, says Fernandez.

FORBES: Spain, Portugal And A Virtuous Circle Of Bailouts

The new Sovereign Debt Restructuring Mechanism (SDRM) will not help Argentina, though.

ECONOMIST: Hoping for more | The

With the public debt ratio now over 122 percent and investors potentially concerned about the prospects of sovereign debt restructuring taking place if the debt ratio cannot be stabilized, the dramatic reduction in financing requirements over the next decade is helpful.

FORBES: Ireland's Promissory Note Deal