A restructuring of Greece’s official debt, despite offering short-term benefits, would weaken that framework in the long run by setting a precedent for exceptions, with other eurozone countries, sooner or later, requesting the same concession. In 2013, the extension of Greece’s loan maturities prompted Ireland and Portugal to demand – and receive – comparable extensions, despite their less obvious need.
希腊官方债务的重组尽管能带来短期好处，从长期看，也会削弱这一框架，因为它树立了一个先例，其他欧元区国家迟早也会提出同样的要求。2013年，延长希腊贷款期限的决定促使爱尔兰和葡萄牙也要求相应的贷款期限延长，尽管它们延长期限的需要并不那么显而易见。它们的要求得到了满足。