The Euro and European Compact mean nothing without a provision for common debt and issuance of eurobonds. Euro countries have lost economic sovereignty in order to comply with rules that, rather than guaranteeing stability, stifle economic recovery. Greece almost went bankrupt for being unable to pay back their bailout, and now it accepted conditions to obtain new loans that it cannot respect even by most optimistic forecasts. Divided public debts mean divided market credibility and power: each country pays interest rates on national bonds that reflect the strength of their economy - Germany's rate on 10 year bonds is .8% while Greece's is 12%. With a failing market, it's obvious that Greece cannot continue paying back such rates (indeed, economists suggest that bonds that exceed a 7% interest rate indicate a failed economy). If we want to call ourselves a union that seeks sociopolitical and -economic stability, then we must share our national debts. If we want grow together, then we must accept the woes of the weaker partners and make them common to all of us. And let's face it, the decision not to issue eurobonds because of Greece, an economy that represents 2% of the EU's GDP, was not an financial sound decision but an ideological one with little political gain. Shared debt is the best way to protect the weakest partners from financial speculators and strengthen the Union. Shared debt prevents the collapse of the job market and thus the rise of unemployment and poverty. If shared debt is not possible, then the common currency has no reason to exist. Either common debt now or stop the Euro all together!