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- The ECB should not allow more fortunate countries to preach austerity or help their banks and corporations to gobble up assets in the south at fire sale prices. Europe’s richer countries – Germany above all – need to emulate the spirit of the U.S. Marshall Plan from which they benefitted so much.[9] Aid they provide must not deepen debt dependence of the countries of the south; countries in the Eurozone should instead act together and contribute according to their ability to pay. We can imagine a variety of ways this can be done, but efforts to shoehorn Italy into a Greek-style conditionality program will almost certainly fail. They will unify the country and bring anti-European political forces to power, much as the 1931 disaster did in Germany.