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Why does Greece not simply default?
Source: TeleSUR English
History has shown that countries that refuse to pay their debts fall harder but recover faster than those that do not. So why does Greece’s left-led government not simply get it over with?
As the Greek debt drama finally comes to a head these weeks, with the Syriza-led government quietly warning the U.S. Treasury Secretary and the chief of the International Monetary Fund that its last-remaining cash reserves are now all but depleted and the government will not be paying the Fund if it does not receive an infusion of new cash before early June, a critical question arises: why do the radical leftists not simply get it over with and declare a default on the outstanding debt? What do they care about their creditors?