This paper is aimed at evaluating means whereby a permanent or longer sustaining redress of the Euro zone’s sovereign debt problems could be achieved. It does so through a consideration of certain measures - one of which aims to combine “quantitative easing” schemes with other measures which would effectively address the need to reduce the debt burden of countries such as Greece, Portugal, Spain, Ireland and Italy, whilst incorporating corrective measures which lead to a growth in economic activities as well as increased competitiveness. The emphasis on tough fiscal measures - rather than the need for more stringent regulatory financial reforms is also considered to have played a contributory role – not only in the difficulty encountered by heavily indebted countries in reducing their levels of sovereign debts, but also in creating further debts.