If the ECB uses resources on the least disciplined countries then you have the danger of moral hazard: spending common resources of the Eurozone only on those countries which are worst off.

FORBES: An Interview with Alexei Kudrin on the European Debt Crisis and Russia's Entry to the WTO

Last month Dublin ordered banks to provide long-term solutions to struggling mortgage holders, prompting some concerns about the danger of "moral hazard".

CNN: Ireland picks through debtors' lifestyles