The financial world functions on investor confidence and bailout is not an option; it is more of a patch up for now to keep it going. Convert the Euro-zone into a monetary and fiscal union. The bulk of public debt would be that of a United Federal States of Europe with federal taxing power and balanced budget rules. The only other option is to let the Euro-zone break and be prepared to face a full blown crisis. Delaying the death with bailout will only intensify the impending doom.
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