"The U.S. has defaulted before, in 1933" So it's defaulted.. and look where it is now. If Greece looks to the US as a model it should default, and the sooner

"The U.S. has defaulted before, in 1933" So it's defaulted.. and look where it is now. If Greece looks to the US as a model it should default, and the sooner the better. "Because a default ... can affect its credit rating and, in turn, its ability to continue borrowing..." Borrowing is what got Greece in trouble in the first place. Perhaps putting and end to borrowing from other countries would put it on a sounder financial footing. At least it would never again get in to the situation where many future generations would be forced to repay the debts of their ancestors.