A cds is essentially an insurance policy on debt , priced to indicate the risk of a debtor 's defaulting .
本质上说,cds是债务的保险,它的价格指示了债务人违约的风险程度。
In short , an orderly restructuring of greece 's public debt is achievable and desirable for the debtor and its creditors .
简而言之,对希腊的公共债务进行有序重组是可以实现的,对债务人和债权人而言也是有利的。
If the debtor defaults , the question is less how the market reacts , and more which arm of government shoulders the loss .
一旦发生债务人违约,问题的重点不是市场会作何反应,而是将由哪个政府部门来承担损失。
If the debtor government services such debt , it is because it wishes to .
如果作为债务人的政府那样处理债务那是它希望那样做。
To be sure , its government is a large debtor ; its net debt as a share of gdp is one of the highest in the oecd .
准确的说,日本政府是一个巨大的债务人,它是经合组织中净公共债务占gdp的比最高的国家之一。
If those payments were made by debtor states in proportion to their cumulative deficits , the debts of states like new mexico and mississippi would rise to over 500 % of gdp .
Some commentators followed a different tack , arguing that since every debtor is matched by a creditor , losses are offset by gains and so debt does not really matter .
Put our plan to many europeans-creditor germans , debtor greeks or eurosceptic britons-and they may moan that this is not what they were promised when the euro was set up .