The international community has, so far, failed to develop effective and equitable arrangements for restructuring sovereign debt, despite the clearly dysfunctional and problematic consequences of past international public-debt crises. This prevents timely debt workouts when needed, effectively impeding recovery.
到目前为止，国际社会尚未提出有效公正的主权债务重组安排，尽管过去的国际公共债务危机表明，这样会带来诸多不良后果。