Pâris, P., Wyplosz, Ch., (2013), “To end the Eurozone crisis, bury the debt forever”, www.voxeu.org, 6 Αυγούστου.
The Eurozone’s debt crisis is getting worse despite appearances to the contrary. How can we end it? This column presents five major options for reducing crisis countries’ debt. Looking into the details, it seems the only option that is both realistic and effective is for countries to default by selling monetised debt to the ECB. Moral hazard aside, burying the debt seems to be the only way we can end the crisis.