A plan to fix a broken Europe

SO really how bad and broken is Europe?

The eurozone has a GDP of about €11 trillion. Its debt to GDP ratio is about 85%. This leaves a debt pile of €9.35tn. & Some countries like Greece, Italy, Spain and Ireland find this level of debt unsustainable.

The question we have to ask is how much would be needed to achieve a debt level that is sustainable for those countries that are feeling the pressure. Europe needs to send a clear and bold message to the markets, and a meaningful cut in the above ratio would be a clear signal. By how much and by what methods can we achieve this?