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They are afraid of a default.
There is no immediate risk of a default.
The repercussions of a default would be hard to predict.
The correspondence exploits the modal interpretation of a default proposed by Konolige.
"Sure, you can say you're 'not afraid of a default' – but, yes you are.
In the event of a default, investors who bought the bonds would absorb the loss.
"But Argentina will not be the cause of a default, absolutely not.
Jens Weidmann, the Bundesbank's president, ruled out the possibility of a default.
And the possibility of a default by Lucent remains remote, they said.
This means that in case of a default, the investor gets his principal and interest.
Instead, the use of a default should be carefully tailored to the targeted audience.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com