I always liked the idea of a two tier Euro, like 1:3, and I feel like that could have helped Southern Europe and nudged their fiscal policies closer inline with the ECB.
They also could have just pulled the bandaid off of Greece in 08, booted them from the union, took a loss on the debt, threw aid, and laid it out as an example for Spain and Italy to get their shit in order.
They also could have just pulled the bandaid off of Greece in 08, booted them from the union, took a loss on the debt, threw aid, and laid it out as an example for Spain and Italy to get their shit in order.