Skeptics, however, believe it would only be a temporary shot in a very diseased arm.
"A EUR bond will be a nice, short term, aspirin for what is a compound fracture or a real heart attack in the EUR system. It may offer some help to ease the pain for a day or two but nothing more," Dennis Gartman told me.
Some in the hedge fund community don't advocate eurobonding as medicine, now or ever.
A Eurobond option for Greece just means "setting a precedent for the Greeks to implode Argentina style—the market will go illiquid/dark until the mess is cleaned up," Keith McCullough, CEO of Hedgeye Risk Management, cautions.
In terms of long-term policy, the perception of harmony may be achieved with movement in a Eurobond, but in practice, the perceived stitch could actually be an irreparable snag.
"It's way, way too late; the cracks are now fully fledged fissures in the structure of the EUR," Gartman says.
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