Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
It is interesting that Articles 123 through 126 of The Treaty on the Functioning of the European Union effectively outlaw all measures that could be used to prevent a default but do not outlaw defaults. This could be used as a cogent defense of a default.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Apr 12th, 2011 at 09:29:19 AM EST
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