Let’s see what possible alternatives there are:
Debt forgiveness: hopefully not!
A new bank tax: hopefully not!
More money like in the past: hopefully not!
A complex financial scheme to convert bad paper into good paper: hopefully not!
Private sector participation: hopefully yes! (but not the way the French Plan stipulates).
Rescheduling debt: hopefully yes!!! 50% of the present debt should be rescheduled out to 20 years and interest on that should be capitalized and payable upon maturity! The remaining debt should be rescheduled out to 5-10 years with minimal interest payments during the first 5 years.