主题：【原创】欧元区救助计划的一些技术细节 -- 我爱莫扎特

in the end, Dragi will jump in to buy as many as gov. bonds as possible. What Dragi needs now is a political coverup or new political arrangement to justify his purchase of gov. bond, e.g., common European bonds.

I have no crystall ball in hand, but I predict that Euroland must shrink with new treaty for a much closer conferation. In this process, there must be a new centralized treasury. And then ECB will print money to sustain the financial asset price in Euroland, just as Fed rescued America in 2009.

Another option is to allow disorderly withdrawal of single nation out of the Euroland--that will end up in a total banking system meltdown in Europe and bring global depression to hurt everyone. That's not a route that any rational European will take.