But Chailatte is right, the hyperbole goes in the direction it's needed. Greece has defaulted. It's either principal with interest, or it's a default. The reason for the wishy-washy phrasing is to avoid insurance claims.

Also, we're in a Depression (although not the Great Depression) and the media never uses that term (and then happily declares the "recession" to be over) to avoid self-fulfilling prophesy behavior. But make no mistake, we're in a depression and the media swings its hyperbole in the direction it's needed.