At this time - we're in a dramatic crisis - euro bonds are precisely the wrong answer. They lead us into a debt union, not a stability union. Each country has to take its own steps to reduce its debt. ↗
A Christian people who have for two hundred years kept a race in bondage, deprived of the advantages of civilization and religion, owe them a debt of gratitude which it would seem ungenerous to withhold. ↗
Everyone recognizes that's a joke because obviously the number and shape of the pieces doesn't affect the size of the pizza. And similarly, the stocks, bonds, warrants, etc., issued don't affect the aggregate value of the firm. ↗