Context: However, if the debt rescheduling causes losses on loans held by European banks, it weakens the private banking system, which then puts pressure on the central bank to come to the aid of those banks. Private-sector bond holders are an integral part of the public and private banking system. Another possible response is for wealthy member countries to guarantee or purchase the debt of countries that have defaulted or are likely to default. This alternative requires that the tax revenues and credit of the wealthy member countries be used to refinance the previous borrowing of the weaker member countries, and is politically controversial.

Question: What would cause the private banking system to weaken?
Answer: if the debt rescheduling causes losses on loans held by European banks

Question: Who purchases the debt of countries that cannot repay and are in danger of default?
Answer: wealthy member countries

Question: What happens when the private banking system is weakened?
Answer: pressure on the central bank to come to the aid of those banks

Question: What is to be used to guarantee the debtors repayment, by the banks assuming their debt?
Answer: tax revenues and credit of the wealthy member countries

Question: Is using the tax revenues and credit of the more stable banks to bail out the ones in danger of default an accepted practice?
Answer: is politically controversial

Question: What would cause the private banking system to strengthen?
Answer: Unanswerable

Question: Who steals the debt of countries that cannot repay and are in danger of default?
Answer: Unanswerable

Question: What happens when the private banking system is gone?
Answer: Unanswerable

Question: What is never to be used to guarantee the debtors repayment, by the banks assuming their debt?
Answer: Unanswerable

Question: Why is using the tax revenues and credit of the more stable banks to bail out the ones in danger of default an accepted practice?
Answer: Unanswerable