Under the court order, Argentina may not pay the holders of the new bonds unless it also pays the holdouts, and no US financial institution can serve as an intermediary to make payments for Argentina. As a result, Argentina must either pay the holdouts in full or default on the new bonds.
在法院判决之下，阿根廷只能在偿付了反对者的同时才能向新债券的持有者进行偿付，同时也没有美国金融机构能作为为阿根廷进行支付的中间人。因此阿根廷要么全额偿还反对者，要么就只能宣布新债券违约。