And what looks like ECB emergency liquidity for periphery banks is just as much balance of payments financing for the entire economy - something that has previously tended to be provided by the IMF. ( I went into this distinction in greater depth a while ago).

BBC: Eurozone: No safe haven

"We've seen the balance of power shift from the financing sources to the entrepreneur, " says Wendy Phillips, a venture capitalist at the Menlo Park office of Advent International.

FORBES: Just plain uppity

These small companies will be competing for financing against European giants with big balance sheets and long histories of building big, complicated projects like Abengoa and Acciona (who have already built and are still building solar thermal projects) and Siemens and Areva (who both acquired solar thermal companies recently).

FORBES: Solar Thermal Hopefuls Make Their Case, Battle For Financing

But he said he is confident that the IMF, Greece and the European countries will produce policies and financing that will restore balance to the Greek economy and usher in a new era of success.

BBC: Greece's international rescue deal takes shape

He insists that industry, as well as governments, must tackle the core issues, rather than trying to rid themselves of responsibility through measures like carbon offsetting - where individuals or companies balance their carbon output by financing green projects.

BBC: A hiker looks out over a mountain in Switzerland

Germany was said to be more comfortable with this idea, since it didn't involve any central bank financing governments directly, and it would formally keep the credit risk off the balance sheet of the ECB.

BBC: Draghi's message for artful euro-dodgers

Importantly, we believe this strategy would require no immediate use of cash other than the ongoing dividend, and would not pose any maturity, re-financing, balance sheet, or default risk.

FORBES: Apple: Will Board Cave To Einhorn And Pay Out Cash?