"The award of the Nobel Prize recognizes the discovery of a fundamentalmechanism in the cell, a discovery that has stimulated the development of new therapeutic strategies, " the committee said in a news release.
If the fundamental disease is that individual eurozone countries have borrowed too much or are still borrowing too much, then the transmission mechanism making whole economies sick is the fear that banks possess too little capital to absorb losses that may arise if these country fail to repay all they owe.