The more likely outcome is that it will manage to come to some accommodation that the holdouts find more attractive than the deal accepted by the other creditors. Either way, future voluntary debt-workout agreements have just become more difficult to reach, which will leave debtors and creditors alike worse off.
阿根廷的时间到7月底为止。如果不能偿付所有债务，它就有可能被迫对所有债务违约。更有可能的结果是它设法向顽固坚持者提出比被其他债权人所接受的更有吸引力的建议。无论哪种情况发生，未来自愿债务解决方案都会更加难以达成，债务人和债权人都会因此蒙受损失。