Greece Still Short of Reaching Debt Write-Off Goal
英语课
Greece is edging closer to its goal of getting the country's private lenders to eliminate $142 billion of the money it owes them, but remained short of the target as a Thursday deadline neared.
The Athens government says it needs the banks, pension funds and other financial institutions holding at least two-thirds of the country's private debt to agree to the write-down. But by Wednesday, agreements had only been reached covering 46 percent of the debt.
The debt write-down is part of Greece's effort to secure a new $172-billion bailout and avoid a default on its financial obligations.
Five small Greek pension funds holding about one percent of the bonds eligible 1 for the write-down have rejected the deal, as have several investment funds and Germany's best-selling newspaper, Bild. Greece says that if it hits the two-thirds threshold for the reduction, it could seek to force the deal on its remaining creditors 2.
One German investment trader, Andreas Lipkow, said he thinks that in the end, Greece will be able to cut enough of its debt.
"Yes there would legally be a default if the quota 3 [of the Greek bond swap] will not be high enough, but I think that the pressure is high enough so that quota will be reached," said Lipkow. "I don't really see any repercussions 4 for the international markets by a default by Greece as that is already anticipated by the markets. The ratings agencies have already reacted and downgraded the bonds, interesting for the markets would be mandatory 5 CDS [Credit Default Swaps 6 insurance] payoff, as that would become very expensive for some market participants."
adj.有条件被选中的；(尤指婚姻等)合适(意)的
- He is an eligible young man.他是一个合格的年轻人。
- Helen married an eligible bachelor.海伦嫁给了一个中意的单身汉。
n.债权人，债主( creditor的名词复数 )
- They agreed to repay their creditors over a period of three years. 他们同意3年内向债主还清欠款。 来自《简明英汉词典》
- Creditors could obtain a writ for the arrest of their debtors. 债权人可以获得逮捕债务人的令状。 来自《简明英汉词典》
n.（生产、进出口等的）配额，（移民的）限额
- A restricted import quota was set for meat products.肉类产品设定了进口配额。
- He overfulfilled his production quota for two months running.他一连两个月超额完成生产指标。
n.后果，反响( repercussion的名词复数 )；余波
- The collapse of the company will have repercussions for the whole industry. 这家公司的垮台将会给整个行业造成间接的负面影响。
- Human acts have repercussions far beyond the frontiers of the human world. 人类行为所产生的影响远远超出人类世界的范围。 来自《简明英汉词典》
adj.命令的；强制的；义务的；n.受托者
- It's mandatory to pay taxes.缴税是义务性的。
- There is no mandatory paid annual leave in the U.S.美国没有强制带薪年假。
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