I'm not saying I know what to do about unpayable sovereign debt, just that defaulting on such debt is not a sensible example of a democratic right. "We had a re

I'm not saying I know what to do about unpayable sovereign debt, just that defaulting on such debt is not a sensible example of a democratic right. "We had a referendum and decided that you can all wipe your asses with our bonds" is probably not the "sensible bankruptcy procedure" that you mention. I did not claim anything beyond that. Why do I think my point was worth making? Because there's a huge amount of issues boiling down to poor coordination between different states today, the nature of today's economy ensures this will become increasingly common, and I think it's worth pointing out that simply insisting on "democratic rights" interpreted as "doing whatever the citizens want, the rest of the world be damned" doesn't really cut it. And this "interference with democracy" theme is really really common these days, I bump into this sort of phrasing every other week.