I read the papers about the collapse of Greece and now Italy. What happens if they just said we can't pay and won't pay? Do they foreclose on Italy and kick everyone out? Do the creditors just take over Italy? Really what happens then? Does anyone have a worse case scenario and why it would be that way? If all governmental debt, not personal debt, world wide was reset at zero there would be winners and there would be loosers but the overall it would be for the best and the world would benefit greatly. Who knows, surely not me.