Can gold save the eurozone?

NEW YORK (CNNMoney) - No end to the debt crisis in the euro zone in sight, there is no end in workflow solutions. The latter involves the use of gold as collateral.
The euro area central banks make up about 64% of the world's gold reserves, which havethe weight back.newyorknews.com
And it earlier, but was largely EUR before. It is therefore clear that the legal obstacles canbe overcome in order to meet all of the 17 euro countries.
But under the assumption that these challenges can be overcome, experts consider a real win-win opportunity.
"Historically, it is not a land use gold as an unusual security," said Jeffrey Nichols, Managing Director of American Precious Metals Advisors in New York.
The idea of ​​using gold as collateral rumored part of a broader proposal by the EuropeanCommission said on Wednesday. Although the plan does not explicitly discuss theconcept of gold as collateral, the experts said it was a plausible scenario.cnn money.com