The problem with import taxes, debt restructurings and capital controls is that the serious trade imbalances are intra-EU, debtors and creditors tend to be on opposite sides of national borders, and both tariffs and capital controls are against EU internal market rules.

Either we're in it all together, or we're not. Apparently we were in it all together only as long as the going didn't get too rough. Now tha name of the game is class war and nationalism.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan