他已经警告说，除非90%的债务持有者都接受这一提议，否则该提议不会得到通过。
He has warned that unless the holders of 90% of the debt accept the offer, it will not go through.
想要给土地持有者公平竞争的主动性最终使他们处于不利地位，贿赂费用与处理时间都增加了。
An initiative that was intended to level the playing field for small landholders ended up penalizing them; bribery costs and processing time actually increased.
简言之，许多市场和债券持有者都尚未反映一些可能出现的最糟情况。
In short, a lot of markets and bond holders have not priced in some of the worst outcomes.
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