For Euro Zone, It's Euro Bonds or Else

``The bailout efforts taken over the past 18 months have been piecemeal and achieved little more than buy time, they argue, adding that a fundamental reform of the euro zone's financial architecture is required: Member states may have to assume common liability for public debt in the 17-nation euro area via the introduction of so-called euro bonds -- a taboo until now because it enshrines the principle that strong euro-zone economies assume liability for the debts of the weaker ones. ''