Well the easy solution to a debt crisis is always just to stop paying your debts and fall back on the fact that you have a lot of guns. But quite apart from the ethical concerns of unilaterally cancelling all your own debts, the long-term ramifications for the nation can be profound
My point is that when governments say that the best short-mid term solution to the debt crisis is to cut benefits and raise taxes on pensioners they are either lying or crazy.