If Italy defaulted, bond buyers might abandon France and Spain.

如果意大利违约，债券持有人也许会放弃意法国和西班牙。

youdao

Also, the bond purchase scheme only covers countries that have already defaulted - Greece and Ireland - and the plan essentially does nothing to alleviate the debt levels of the troubled economies.

此外，债券购买计划只覆盖那些业已违约的国家—希腊和爱尔兰—计划本质上丝毫不会降低问题国家的债务水平。

youdao

Of course, the recovery experienced by an investor in a specific defaulted bond might be lower or higher than this average.

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Meanwhile, the city has defaulted on bond payments, leaving investors in the lurch.

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"No utility bond defaulted during the 1930s, while virtually all the railroad bonds defaulted, " he says.

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