The best way to do that is to create a layer of debt that regulators can write off, or convert into equity, if necessary.

最好的解决之道是创立监管者能把债务一笔勾销的债务层——或者如有必要的话，将它们转化为股票。

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Greece's public debt was forecast to rise towards 190% of GDP, before some of its private-sector creditors agreed to a bigger write-off of what they are owed.

在私营部门信贷者同意以更大幅度注销其债务之前，希腊的公共债务预计会上升至GDP的190%。

youdao

Obama said it was prudent for Chrysler to prepare a bankruptcy contingency plan, but since major banks have agreed to write off a majority of their debt, it's not clear the automaker will have to use it.

FORBES: Restructuring

And they were going to have to write off a lot more Greek sovereign debt - not just the bonds held by private investors.

BBC: Soros speaks on Euro

Russia's private-sector creditors have agreed to write off more than a third of the debt, swapping the rest for long-dated, low-interest Eurobonds.

ECONOMIST: Russian debt