For a second, I thought he was talking about California.
Also a good mention is exchanging tangible assets or safe currency. For example using EU dollars for transactions because it's backed more.
And, security. Always good in an unstable environment.
The currency is stable, that is part of the problem.
Because their debt is nominated in euro and not in a currency they can inflate or devalue they'll have to actually pay back what they have spend.
>" Doing business in a bankrupt state"....Is not that hard. Pointless article.
It might not be that hard, but getting the lay of the land is at minimum useful. Especially if your nation and/or state may well end up in a similar mess (e.g. US, California/Illinois/New York).