Printing and buying dollars and then paying back is "paying back".
And the when: Hear Merkel this week about the when?
Are you confusing Germany's reluctance to loan Greece money with Germany paying back dollars the ECB borrows from the Fed?
Just another point you're confused about.
No, the ENTIRE “paper” (papered-up, digital entries, etc.,)”crisis”:
http://forex.fxdd.com/134554/forex-trading/merkel-euro-crisis-cant-be-resolved-overnight
http://www.thefiscaltimes.com/Articles/2011/11/22/Merkel-EU-Bonds-Wont-Fix-Euro-Crisis.aspx
“moral hazard” breach, etc., terms others may use..regardless
the cover for the so called “printing” will be:
1. sustained (”marathon”) /rising prices
2. unresolved (”marathon”) mass unemployment, (Spanish style), spread out more here.
The actors and cast, are still on stage. “Act II” “The Merkel Marathon” the “when”, the never, the black hole.