Comments on: How the euro zone can save itself Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 By: MrMadoff Wed, 22 Jun 2011 13:15:42 +0000 So, to avoid a soveriegn default you are proposing to have weak banks propped up by the addition of goverment capital, which itself will further increase aforementioned sovereign debt?

New money is needed to save old but that cant come from EU parties. Recycling the same money within the EU misses the point – that aggregated there is not sufficient liquidity to cover the sovereign exposures.

The only solution clearly is a wider global piece underwritten by China/Asia.