It's not a default, it's an orderly restructuring. And the press is confused. Now about that bridge...
My father is a Greek citizen that lives in the USA currently. He put it me like this. "Greeks dont and wont pay taxes..period". They can pass whatever token gesture the EU want them too, but they have zero enforcement tactics and measures. And most Greeks are more anti state than a drunk teenage anarchist from the UK.
yeah, dont pay taxes but love to receive pensions from germans. germans should immediately quit wasting their euros.
unfortunately the virtue of patience is not taught in school. it has been deferred by the euro crisis. another possibility is the old saying that the market can stay irrational a lot longer than u can stay solvent.