, Columnist
How to Defend a Post-Greece Euro
Dusting off the plan for euro bonds.
Its future is at stake.
Photographer: EMMANUEL DUNAND/AFP/Getty ImagesThis article is for subscribers only.
With bailout talks between Greece and its creditors collapsing, it seems sensible to start reflecting on what defenses the euro might need against the fallout of a nation leaving the common-currency project. Once euro membership is proven to be anything but irrevocable, the remaining members will need to reassert their unity. And one way to do that would be to resurrect, in slightly modified form, the concept of euro bonds.