There's a big difference how the US and Europe deals with default. People don't default in Europe even when it's clearly in their best interest to do so. NPR di

There's a big difference how the US and Europe deals with default. People don't default in Europe even when it's clearly in their best interest to do so. NPR did a great piece about it: http://www.npr.org/blogs/money/2011/03/01/134168778/the-tuesday-podcast-discipline-and-forgiveness http://www.npr.org/blogs/money/2011/03/01/134168778/the-tues...