Euro-cash. KehlBayern August 17, 2011 News In debt markets, size matters. This article proposes that the EU proceed with the creation of a large common market for their sovereign debt to rival the debt markets of Japan and the United States. It also says that the EU should do this with or without Germany, which begs the question whether the author knows the importance of the German economy to the Euro’s value as a currency. I definitely do not think the indebted and faltering economies of the Euro-zone are going to force Germany to go along with anything, nor are they going to act without its most economically powerful member.