Danielle Park says the fear is always worse than the reality. While no country ever wants to default, the reality is that the debt keeps getting larger and has become unsustainable. Greece and the rest of the world have run out of choices, so now it’s time to make the ultimate choice and default. Everyone will feel better in the morning. A four month delay isn’t going to make any difference in the long run. It’s always better to start with a clean slate, just ask any bankrupt debtor once they’ve pulled the trigger.
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