As I said, you have a problem with reality. I'm even further convinced after your Iceland statement.
Iceland is in a dire situation as we speak. They have huge foreign debts to the worst of the worst - vulture hedge funds. The only reason their economy currently looks decent is because they forbade taking any money out of the economy without permission from their central bank. As a result, their economy looks stable because all the money they owe to foreign entities is forcibly retained within their economy.
Of course, that also means no meaningful foreign investments in their country, no purchasing power for their people due to inability to pay to any foreign entity without special permissions and so on. They are pretty much in the same position as Argentina. Any property of the government outside Iceland is forfeited, no government owned property including ships or airplanes can ever exit the country without being impounded to pay for debts and so on.
The only thing they avoided is the immediate effect of those debts. Just like Argentina did when it defaulted. Only that didn't really save it from those debts - they're still hanging over it to this day.