Varoufakis, Yanis; Holland, Stuart - Levy Economics Institute - 2011
Holland recommend a tranche transfer of the sovereign debt of each EU member-state to the European Central Bank (ECB), to be … held as ECB bonds. Member-states would continue to service their share of debt, reducing the debt-servicing burden of the … eurozone crisis that simultaneously addresses the three main dimensions of the current crisis in the eurozone (sovereign debt …