That's what supposed to be in the pipe right now."Even before it’s in place, European governments are moving toward enacting the permanent fund next year, a year sooner than planned, to replace the EFSF. Phasing in the permanent fund, known as the European Stability Mechanism, would provide a 500 billion-euro war chest. It also includes provisions for sharing costs with bondholders for countries with “unsustainable” debt.

Additional measures now in play include reopening the second Greek rescue agreed in July to increase the financial industry’s contribution and creating a safety net for Europe’s banks(Bloomberg)
Still think it is unavoidable to have some public hangings as part of the process to restore trust and confidence, it looks more and more unacceptable to many that a crisis of that scale with no one responsible and no mistakes made with a few scapegoats such as Super Devil or mortgages securitization is one more time an EU elite club cover up. Not to mention there is a growing concern as to why there is no public parliament inquiry and hearing and how the three major french banks end up with a number close to 672 billions of sovereign questionable debt with none out of the woods. What has been doing the regulator to insure that at least one gun stayed in the draw?