Essentially because nobody agrees. Here's what the French want and what Ireland seems to favour: the European Central Bank effectively prints extra money and uses this cash to buy the debt of euro zone countries. Their borrowing costs will thus fall in the market, making it easier for them to repay their debts. Calm will be restored, so the theory goes.
The ECB has been buying some government debt, but it has so far been...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team