Roubini : The Crisis started with too much Private debt and ended with to much Public debt

Nouriel Roubini ...The crisis started with too much private debt and then we socialized the losses and now we have too much public debt and so these sovereign have lost market access and are now being bailed out by super nationals Greece Ireland Portugal are being bailed out by the IMF ECB EFSF EU you name it , but you cannot kick the can down the road from these stock or public debt from private to public to sopra national no one is going to come from the moon or Mars to bailout the IMF or the ECB if the debt is too much and you cannot grow yourself out of that problem , if you cannot save yourself out of the debt problem and if you cannot inflate yourself out of that problem because the ECB is not going to allow inflation ..then there is only one solution debt restructure and debt reduction done in orderly and market friendly oriented way ...