An interesting perspective, that makes quite a bit of sense.

An interesting perspective, that makes quite a bit of sense. Markets reward predictability. The obsession of Europe's political leaders with avoiding a default, when a default is clearly what needs to happen (when you can't pay your debts, you default), creates unpredictability.

David McWilliams: Why the markets would thank us for defaulting –
David McWilliams, Columnists – Independent.ie