因此私人债券的价值将会下降。
即使成功地使私人债券持有者同意债券延期，承担危机的部分恶果，希腊的公共负债仍然高的难以为继。
Even if private bondholders can be made to share in some of the pain by rolling over their debts, this will still leave Greek public indebtedness unsustainably high.
萨科奇先生一直反对默克尔女士有关私人债券持有者应当受到一些损失的观点，他宁愿采取自愿延长付款期限的计划。
Mr Sarkozy has resisted Mrs Merkel's view that some pain should be imposed on private-sector bondholders, preferring a voluntary rollover scheme.
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