You may have read about those radical plans by the International Monetary Fund (IMF) to force governments to default on their debts as a condition of IMF support

Sovereign Debt Restructuring: Red Herrings Swimming in a Sea of Confusion

http://www.piie.com/blogs/realtime/?p=4185&utm_source=feedburner&utm_medium=%24%7Bfeed%7D&utm_campaign=Feed%3A+%24%7BRealTime%7D+%28%24%7BRealTime%7D%29

Posted: 20 Dec 2013 08:12 AM PST You may have read about those radical plans by the International Monetary Fund (IMF) to force governments to default on their debts as a condition of IMF support. Debates over the place of sovereign debt restructuring in a financial crisis are getting more muddled and acrimonious, in no small part because no one wants to face the underlying governance challenge: political pressure to lend public money to contain the crisis, even if it means paying private creditors in full and adding to a sky-high pile of sovereign debt.