“Default” and “status quo” aren’t the same. Also, this publication is from the Business Post, which is based in Dublin (domain being “businesspost.ie” is clear

“Default” and “status quo” aren’t the same. Also, this publication is from the Business Post, which is based in Dublin (domain being “businesspost.ie” is clear about this point, and it’s already next to the title). That seems enough of a hint to me that this news might have Irish components.