Will more debts fix the problems, it won't take long to find out the eurozone is even weaker now that it was a week ago...?
The eurozone healthier countries have decided to take on more debts to be able to pay those of the non so heatlthy ones?
So, before the "nuclear" plan, we had very few healthy countries in the zone with orderly public finances and quite a few in trouble.
The healthy ones have decided to eventually take on more debts degrading their ratios, should the quite a few in trouble default?
After (the plan), the quite a few in trouble may still default, if so, the healthy ones will pay through taking on more debts degrading their situation? As a whole, is the zone better off after the plan as long as there's no fix to heal the cause for the non so healthy ones to be in that situation?
Where's the gain?
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