Not sure it is screwed if it defaults. That's what everone assumes, "uncertainty in the bond markets" and all that hooey. I'm not buying it, all I see in the financial press is that countries will face "massive downside risk" if they default.

Oh yeah? What exactly are we talking about, and how is it worse than the alternative? That is the question I'm not seeign asked or answered.

That's why I'm asking.

The Hun is always either at your throat or at your feet. Winston Churchill