Second, if the holdouts are paid in full, the majority of creditors who accepted a haircut can request to be paid in full, too. If that happens, the country’s debt burden will surge again, become unsustainable, and force the government – in this case Argentina, which is servicing most of its debt – to default again on all creditors.
其次，如果抵制者获得足额偿付，大部分接受“剃头”的债权人也可以要求足额偿付。如果发生这一情形，该国债务负担就会再次激增，达到不可持续水平，迫使政府——在阿根廷的例子中，政府正在偿付大部分债务——对所有债权人违约。