Only new bonds issued by euro-zone states after 2013, which will all carry identical new “collective action clauses” (CACs), would be at risk of having the bonds restructured.
只有在2013年以后由欧洲国家发行的新债券才能冒重建债券的风险，因为这些新债券带有新的标志性的“集体行动条款”性质。
Only new bonds issued by euro-zone states after 2013, which will all carry identical new "collective action clauses" (CACs), would be at risk of having the bonds restructured.
只有在2013年以后由欧洲国家发行的新债券才能冒重建债券的风险，因为这些新债券带有新的标志性的“集体行动条款”性质。
There is something inconsistent in bailing out the banking system once again and then "bailing in" holders of sovereign debt after 2013 by introducing collective-action clauses.
通过集体行动条款来再一次救援银行体系，等到2013年之后再“捞出”主权债务持有者，在这中间存在着矛盾之处。
There is something inconsistent in bailing out the banking system once again and then "bailing in" holders of sovereign debt after 2013 by introducing collective-action clauses.
通过集体行动条款来再一次救援银行体系，等到2013年之后再“捞出”主权债务持有者，在这中间存在着矛盾之处。
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