Greece and Ireland are saddled with debts that are almost certainly unpayable.

希腊与爱尔兰都为几乎肯定无法偿清的债务所困。

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Tough rules on mortgages have made it hard to reduce unpayable household debt.

针对抵押贷款的严厉规定，又使沉重得难以支付的家庭债务更难削减。

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In 1990 Mexico swapped unpayable bank debt for so-called Brady bonds, worth about 35% less.

在1990年墨西哥用无法偿付的银行债务交换为价值为少于原来35%的布雷迪债券。

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In Europe, banks are facing funding difficulties amid concerns about their exposure to unpayable government debt.

FORBES: Barclays Sees Global Econ Heading On "Treacherous Path"

Mexico swaps its old, unpayable debts, for new debts with lower interest rates and smaller principal sums.

BBC: The state of play in Athens

It was entirely feasible that, perhaps 12 months ago, Greece could have defaulted on its unpayable debt and nothing much else would have changed.

FORBES: Eurozone: Sovereign Debt Becomes a Credit Crunch