Assuaging doubt about the sustainability of public debt in the eurozone would thus probably require a deep restructuring as well. The eurozone crisis could certainly be resolved if all existing public debt were transformed into 20-year Eurobonds with a yield of 3%, and a five-year grace period on debt service.
因此，要缓和关于欧元区公债可持续性的质疑，可能也需要深刻的结构重组。如果现有债务转换为20年期、收益率3%的欧元债券，并得到5年利息宽限期，那么欧元区危机肯定能够解决。你一眼就能看出这个方案对金融市场会造成什么影响。