First post on this forum, so please excuse me for having 'nice' views.
1. Shift our interest payments onto other countries by selling them real estate which they cannot refuse ie Gibralter to the Spaniards, The Falklands to the Argies, Channel Islands to the French and Australia to the Australians
2. Send in the baliffs when they default, and reap enough to pay of the capital of 799billion
Easy!
Oh...and if the Spain refuses, tell them that Morocco have put in an offer