An Taoiseach has said the following in relation to Morgan Kelly’s article: “Really implicit in some of the argumentation is the idea that it would be better for Ireland to default. But we simply don’t accept that at all and I think all of the implications from other countries where that happens greatly undermines, not just in terms of financial credibility but also the ability to retain confidence at home,” he added

The rest is here: 
Cowen on Ireland Defaulting