> It’s already happening. ECB issued a QE program in January for buying out national bonds for one trillion Euros. That's a measure to adjust the inflation rat

> It’s already happening. ECB issued a QE program in January for buying out national bonds for one trillion Euros. That's a measure to adjust the inflation rate, nothing else. Greek bonds are excluded. The ECB has made it very clear that it will buy no weak bonds that give the impression it finances government spending. Furthermore, since they are still normal government bonds and just ownership changes from banks to the ECB, they will eventually have to be payed back by the countries that issued them, as far as I understand. > I’m not a great fun of the austerity measures but I won’t argue that it’s the root of all our problems. I agree that it's not the root of your problems. But it is what has prolonged the current crisis and will prevent a solution. > The root of our problems is the model of our economy and there’s better chances we solve it inside EU than on our own. If Greece gets a real chance to do that within the EU, yes. That would imply getting out of the crisis first and it would also imply a serious haircut. And on a reasonable timescale, say within the next five years. But it seems clear to me that the Eurogroup does not have the necessary courage to make that happen. I hope the change their mind, but if they do not, getting out looks better to me than just kicking the can down the road.