Euro-Bond would virtually the entire old and new debt are distributed to all Europeans. Only a “debt brake”, which first had to be decided yet, might limit this.
Weak export countries and here in particular, Greece was mentioned, will not receive the accrued debt burden under control. Not to Europe, I mean to destabilize the euro area, there is only one solution:
All euro countries, which their debts can not get a grip on the medium term need for a sustainable solution and the stability of the euro back to its old currency, and indeed until the conditions is for a “full membership €” played .
During this time, these countries can easily work with two currencies. As an example I would like to call Cambodia. The ATMs work only with U.S. dollars, during which everything else in the country’s currency can be handled.
This will strengthen the euro and “problem countries” all others,warn that you can not do on the “back” of the successful debt!