As Wieland said, countries like Spain and Ireland had shown that structural reforms are the fastest way out of a crisis. In his opinion, additional reform of euro area governance is necessary. The abolition of the privilege of government bonds regarding the capital requirements for banks and the creation of a sovereign insolvency mechanism would help break the dangerous sovereign-bank nexus, as the "Börsen-Zeitung" reported.
Börsen-Zeitung: "Für eine Ordnungspolitik mit einfachen Regeln"