Why not use the much-heralded stability fund as collateral for a European Brady bond plan that puts an end to the sovereign debt saga?

为什么不用被大肆宣扬的稳定基金作为抵押以实施欧洲布雷迪债券计划？这项计划终止了主权债务危机发生的可能性。

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If not, and I think it cannot, then the "Brady Bond" solution applies to just 25% of Greek debt.

BBC: The state of play in Athens

First, in the Brady Bond initiative, lenders to LatAm clearly lost money.

BBC: The state of play in Athens

Officials have apparently dubbed this a "Brady bond but entirely private".

BBC: France's private support for Greece a matter of degree