“The day marks the elapse...” I thought elapse was the verb and lapse was the noun. Agree or disagree? Is the WSJ as illiterate as the rest of them?
Anyway, it’s not much of a default when it is forced by sanctions imposed by the creditors.
Disagree. The day marks the elapse of the elapsing (period of time passing) 30 day grace period. The payment lapsed (did not happen).