Without the socialization of debt provided by the rescue packages, Varoufakis, or whoever led Greece’s finance ministry, would have had to declare insolvency and then confront private creditors from a variety of countries. These countries’ governments would then have felt compelled to rescue tottering banks with their taxpayers’ money.
如果不是拯救计划提供了债务社会化，瓦鲁法基斯（或其他任何希腊财政部领导人）都不得不宣布破产，然后直面来自各个国家的私人债权人。接着，这些国家的政府将受到压力用纳税人的钱拯救摇摇欲坠的银行。