That is a completely hollow guarantee, though. The ECB's balance sheets are bad enough as it is, and one country's "cost sharing" is another country's forced-a

That is a completely hollow guarantee, though. The ECB's balance sheets are bad enough as it is, and one country's "cost sharing" is another country's forced-austerity to bail out another country's bad loans. The Eurosystem has serious issues that are about to get even worse. The ECB is practically insolvent by their own standards, and would be technically insolvent by American standards.