新的底线是现在避免信用违约互换的信用事件。
但如果所有的债权国被迫同意掉期，那就可能算是信用事件了。
But a credit event probably would occur if all bondholders were forced into the switch.
那债务重置，即延长到期债务的期限让希腊有得以喘息的机会，是否算得上“信用事件”？
Would a reprofiling—an extension of the maturity of debt to give the Greeks some breathing-space—qualify?
有一种观点估价为$5000亿，此估价将会是有史以来价值$62万亿全国市场内最大的“信用事件”。
One estimate puts it at $500 billion, which would be the biggest “credit event” yet in a market worth a notional $62 trillion.
有一种观点估价为$5000亿，此估价将会是有史以来价值$62万亿全国市场内最大的“信用事件”。
One estimate puts it at $500 billion, which would be the biggest "credit event" yet in a market worth a notional $62 trillion.
在主权信用违约掉期中，赔偿费取决于“信用事件”，这明显比不能支付利息，拖延支付本金或是债务重组要广义得多。
Under a sovereign CDS, a claim depends on a "credit event", which is defined broadly as a failure to pay interest, a moratorium on principal repayments or a restructuring of the debt.
此外，欧洲央行依然反对对希腊债务进行任何可能被看作“信用事件”的重组。债务条款变更行为从技术上说可以定义为违约。
In addition, the European Central Bank remains opposed to any restructuring of Greek debt that could be considered a "credit event" - a change in terms that could technically be ruled a default.
如果债务持有人在优先股分红的项目上遭受损失，将会引发一系列“信用事件”，出售掉这些“信用违约互换项目”，银行将面临更巨大的支出。
If the debt's holders suffer losses in a bail-out, triggering a "credit event", Banks that had sold the swaps would face huge payouts.
同样的，欧洲中央银行早该禁止商业银行进入充满风险的风险互换市场，但是，在互换市场上商业银行已经被评级机构的具体评级结果绑架-评级机构的评级结果决定了“信用事件”的内容。
Likewise, the ECB should have barred banks from the risky CDS market, where they are heldhostage to ratings agencies’ decisions about what constitutes a “credit event.
同样的，欧洲中央银行早该禁止商业银行进入充满风险的风险互换市场，但是，在互换市场上商业银行已经被评级机构的具体评级结果绑架-评级机构的评级结果决定了“信用事件”的内容。
Likewise, the ECB should have barred banks from the risky CDS market, where they are heldhostage to ratings agencies’ decisions about what constitutes a “credit event.
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