Analysis of information sources in references of the Wikipedia article "Proposed long-term solutions for the eurozone crisis" in English language version.
"We need not just a currency union; we also need a so-called fiscal union, more common budget policies. And we need above all a political union. That means that we must, step by step as things go forward, give up more powers to Europe as well and allow Europe oversight possibilities." (Angela Merkel)
In the end, Icelanders amassed debts amounting to 850 percent of their G.D.P. (The debt-drowned United States has reached just 350 percent.)