Devaluing your currency to pay foreign creditors leads to hyperinflation and complete economic chaos.
It would cause political and economic chaos, and be disastrous for Mr de la Rua's government.
But as economic chaos has mounted, the governor has simply blamed the federal government.
He missed out on the politics of the 1990s, a toxic decade of economic chaos.
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Or have they learned that economic chaos allows them to point the blame for economic mismanagement at others.
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No government of any developed country will ever allow its largest banks to collapse, as that would lead to worldwide economic chaos.
Now the opposition has both hidden from sight Mr Alfonsin, symbol of economic chaos, and stolen Mr Duhalde's welfare clothes.
The emergence of private couriers did not in any way create economic chaos or hardship as the Post Office monopoly was challenged.
The cost of coping with this economic chaos is enormous and growing.
Of course, none of these achievements will count for much if the euro zone collapses, bringing about economic chaos and political turmoil.
As economic chaos took hold, the Duma could either on its own initiative or Mr Yeltsin's hold a confidence vote in the Kiriyenko government.
Anybody who criticizes the current system therefore is a know-nothing who wants to create some sort of libertarian dystopia featuring banking panics and economic chaos.
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Do we really think that a committed capitalist like Romney would risk the economic chaos that would follow by pressing U.S. companies to leave China?
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Economic chaos, it seems, is changing public sentiment towards private spending.
However, voters might punish the opposition if they blamed it, rather than Mr Batlle's centre-right alliance, for the economic chaos that a default would bring.
Mutesi told CNN she's never heard of Idi Amin, the so-called butcher of Uganda, who helped plunge his country into economic chaos throughout the 1970s.
At a time of economic chaos Ford resisted strong pressures for a more activist government, most spectacularly when he decided not to bail out New York City.
In every country it operated in, its dollar returns were reduced by local currency depreciations, reflecting the economic chaos in much of Latin America during that decade.
At a time when aging baby boomers might be retiring, they continue working in order to build back up the retirement savings they lost in the economic chaos.
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So too does the region's long border with Russia, although trade is not expected to reach its potential until Russia's political and economic chaos comes to an end.
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When Vladimir Putin replaced Boris Yeltsin as Russia's autocrat, amid economic chaos on the last day of 1999, one of his first economic steps was to stabilize the ruble.
It would have also resulted in economic chaos, devastating communities across the country and costing governments tens of billions of dollars in additional social safety net benefits and lost revenue.
Indonesia's collapse into political and economic chaos over the past year has shaken the Australian government, and endangered the cosy relations it has nurtured with its neighbour over the past 23 years.
The obdurate Germans are throwing Europe into this economic chaos by refusing to allow the ECB to actually behave like a proper central bank, reflate and act like the lender of last resort.
What followed economic chaos, IMF intervention is a dispiriting precedent.
If no help is forthcoming, there is every chance that the ensuing economic chaos, in the wake of a likely rouble crash, will not only bring down the current government but may even bring down Russia's rough-and-ready democracy.
With all eyes riveted on the debt talks and efforts to avert an economy-busting government default, little attention is being paid to another debt that is similarly ballooning out of control and threatening to spur its own economic chaos.
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Cornyn is basically trying to force Obama to take political risks the GOP itself is unwilling to take (that is, outline entitlement cuts and restructuring), while directly threatening the economic chaos that would ensue when the government stops meeting its obligations.
And let me remind you that if the position of Republicans in Congress will be that your choice, America, is between default and therefore economic chaos on the one hand, or voucherizing Medicare or slashing benefits for seniors, the American people are going to say no in both instances.
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