This week, Greece defaulted on its payments to the IMF, rightly choosing pensions over debt service. The country’s creditors should now negotiate a consensual debt reduction through some combination of lower (and fixed) interest rates, reduced face value of debt, and very long maturities.
但希腊的债务负担不可持续。本周，希腊拖欠了对国际货币基金组织的还款，理所当然地选择支付养老金而非偿还债务。该国债权人现在应通过谈判达成双方都能接受的债务减免，包括降低（固定）利率、减少债务面值和延长偿还期限。