新的底线是现在避免信用违约互换的信用事件。

The new red line is now to avoid a credit event for CDSs.

youdao

但如果所有的债权国被迫同意掉期，那就可能算是信用事件了。

But a credit event probably would occur if all bondholders were forced into the switch.

youdao

那债务重置，即延长到期债务的期限让希腊有得以喘息的机会，是否算得上“信用事件”？

Would a reprofiling—an extension of the maturity of debt to give the Greeks some breathing-space—qualify?

youdao