Agreed, they still need debt restructuring. Also the €zone framework needs simultaneous reconstructing, to route surpluses to places not doing so well. But that

Agreed, they still need debt restructuring. Also the €zone framework needs simultaneous reconstructing, to route surpluses to places not doing so well. But that would be the beginnings of a real federal EU and European countries are too nationalistic for that which is a shame because Europe is going to fade into relative obscurity economically unless we can make this transition. Though perhaps this crisis presents the opportunity to kick-start that process, but it's a long shot, I'm pessimistic even though I do not want to be.