http://www.reuters.com/article/us-eurozone-future-idUSKBN18Q23I
One idea in the paper that did not involve any mutualization of debt was for a private bank to buy a portfolio of euro zone government bonds and issue its own bond backed by that portfolio. Such a Sovereign Bond Backed Security (SBBS) could have senior and junior tranches and provide a higher level of safety for the investor, officials said.
Safety like AAA Mortgage Backed Securities? I can’t wait!
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https://www.theregister.co.uk/2019/01/30/azure_sql_delete/
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