The emerging market have the capital and that capital needs to be returned to developing markets, it needs to be used to reset the developed side. But it has to be done intelligently and not to destroy the developed markets that emerging market depend on in the capital cycling global economy.

Resetting is not uncommon, but has to come with lessons and austerity measures or the idiots that got them into the predicament will remain fat and complacent.

The US government just reset the auto industry in the USA and in that they partnered with the Italians in one venture. Nothing was destroyed in that it merely all was reset and the capital is now being recovered though better operations and positive cash flows.

The Germans resetting Italians is unwise it hurts them both, the developing nations need to be the source of the revenue and in exchange for technology.