But experience has shown that bondholders are not inclined to subordinate their claims to some untested international bankruptcy court. The only thing they would like less are obligations whose terms were enforced by courts as easy to manipulate as Argentina’s.
但是，经验表明，债券持有人不会把他们所拥有的债券的命运交给未经检验的国际破产法庭。要说还有什么让他们更加讨厌的话，那么只有法庭可以像操纵阿根廷债务一样容易地强制执行的债务了。至于以欧洲货币借钱，葛里萨迅速宣布他的裁决亦可覆盖这类债券。