The French government was forced to default on its debt.

No one is predicting that the city will default on its debt.

It would almost be like the country defaulting on its debt.

Consumers do not, of course, want to default on their debts.

The first was a $600 million loss in the fall of 1998 when Russia defaulted on its debt.

The Greeks should default on their debt and have done with this.

For three decades, an average of one country a year has defaulted on its debts.

This week one of the state governments defaulted on its debt.

Brazil today is different from the country that defaulted on its foreign debt in 1981.

The difficulties began in the early fall of 1998 when Russia defaulted on its debt.