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"Kirchner doesn't want to pay holdouts, but also doesn't want to default," Kerner wrote.
"We do not want to default on our debt and we're not going to default on our debt," Boehner said during his press conference.
"You can't go to your bank manager and say, 'I want to default,' and at the same time, 'I want more loans.' If that's the underlying message coming out of Ireland, we're not going to flourish as a country".
Initially, the country will have to balance its books until the lenders recover their courage; when it does return to the markets, its initial borrowing costs will be high.The Greeks neither want to default, nor to borrow money from the EU on the terms currently on offer (initially they seemed to reject the idea of monitoring their adherence to any changed conditions as well).
You'll have to open up your iPod for this trick, so if you're squeamish, you might want to default to a gear-minded friend.
Unlike in the past when threats to default were nothing more than a charade, the Tea Party radicals in Congress really do want to default on the national debt to both make a point about government spending and increase their political power.
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Finally, how well will Beppe Grillo, the comedian who wants to default on Italy's debts and pull it out of the euro, do?
As seen earlier, Greece/Rohan wants to default on its loans, but the rest of Middle Earth rises up in protest.
No government wants to default on its debt, but there has to be some willingness to say no to a future of endless economic decline.
No one wants to default on our debt, and with so many people still out of work we have to focus on getting the economy going again".
One reason the United States would want to avoid defaulting on its debt is that such a move could alienate China, which is a steady purchaser of Treasury bonds.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com