Table of Contents
About the Authors
Acknowledgements
Foreword
Executive Summary
Introduction
1. With high debt, the Eurozone remains vulnerable
2. Dealing with the legacy sovereign debt
3. Reforming the crisis lending framework
4. Diversification of sovereign risk and a safe asset
Conclusion
Discussion
References
Appendix A: Calibration of national debt buyback from seigniorage
Appendix B: Calculation of the haircut for GDP bonds