Ferchi

But of course it's a lot more complicated than that. For starters, there's the fight between the ECB, which wants a fiscal solution to the crisis, and pretty much everybody else, who wants the ECB to grow up, stop worrying about nonexistent inflation, and help save the euro zone by printing euros. There's the question of whether and how much shareholders in banks should help pay for the bailout; a separate question about banks' bondholders; and yet another question about sovereign bondholders. Within the northern countries, Finland has staked out a particularly extreme stance, saying that it won't lend any money to anyone unless it's collateralized. And then there's the Bundesbank, which is particularly keen on imposing a painful regimen of austerity and structural reforms on countries which desperately need growth.