So the state probably would default on its bank debt (“restructure” the debt is the current euphemism), and this might bring down the banks that had made the loans that were now in default.

所以，这个州很可能无法履行银行债务（用流行的委婉说法，它要进行债务“重组”），贷款得不到偿还的银行可能因此被拖垮。

youdao

So the state probably would default on its bank debt (“restructure” the debt is the current euphemism), and this might bring down the banks that had made the loans that were now in default.

所以，这个州很可能无法履行银行债务（用流行的委婉说法，它要进行债务“重组”），贷款得不到偿还的银行可能因此被拖垮。

youdao