What 's a better way than austerity being forced on a country? Let's just take over their financial duties of it's goverment.
Ex-ECB Head Unveils Bold Plan To Save The Euro
Europe could strengthen its monetary union by giving European politicians the power to declare a sovereign state bankrupt and take over its fiscal policy, the former head of the European Central Bank said on Thursday in unveiling a bold proposal to salvage the euro.
The plan offered by Jean-Claude Trichet, who stepped down last November as ECB president,