The first thing you need to do is surrender control of your currency to an external entity. Let's call that entity the "ECB." By doing that, you no longer have the ability to run the printing presses and generate wads of paper currency to pay your creditors and service your debts.
Next, bring a whole bunch of people who hate your culture into your country. If you can't do that, have your education system teach your young 'uns that you suck. The best alternative is to do both. The French, in an unusual spasm of efficiency, possibly learned from the Germans during the Nazi occupation, have done just that.
After that, you just wait. At some point, the people who hate you for existing will find an excuse to riot and destroy stuff. Investors will wet their pants and refuse to lend you any more money.
Unable to borrow or print money, you'll be forced to balance your budget!
Tres magnifique!
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