The default solution

Two solid arguments in favour of default:

http://www.prospectmagazine.co.uk/2010/11/ireland-the-default-solution/

http://www.nytimes.com/2010/11/26/opinion/26krugman.html?_r=1&WT.mc_id=OP-SM-E-FB-SM-LIN-ETI-112610-NYT-NA&WT.mc_ev=click