And yet economic history is full of examples of successful debt default.

"The market does not expect a debt default and an impasse would be a stumbling block for the dollar."

She has done work on the sovereign debt defaults in Europe.

For one thing, the big surge in corporate debt defaults is fading.

Whether it's jobs, foreign policy or a debt default in Europe, the public decides what's important.

The big problem is what happens if their are sovereign debt defaults then we will have a full blown crisis again.

He called for strict control over loans and debt defaults in the next six months.

Its formation was triggered by a series of sovereign debt defaults in the mid-19th century.

Unification followed by debt default and somewhere down the road we will all be happy.

You might think, given all the talk of debt default, that the problem was government profligacy.