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Another option is "fiscal union", in which at least some of the sovereign debt is mutualised through jointly issued Eurobonds.
It is not clear how the rest of the jobs will be cut without layoffs, but Allianz said it would be through "jointly agreed measures".
Gary Jenkins, chief credit strategist at asset manager LNG Capital, says much would depend on whether Grexit can be turned into a "seminal moment" that brings the remaining eurozone countries closer together, such as through jointly issued bonds.
While leaders in Paris, Rome and elsewhere would like to tap Germany's top credit rating through jointly issued debt, they are not as ready to give up more powers to central authorities in Brussels.
The tie-up takes the form of a formal Memorandum of Understanding, which – in Shell's words – is intended "to maximise the benefits from our mutual interests in areas of long-term research, postgraduate training and knowledge exchange through jointly funded and supported research projects".
The optimal system performance can be achieved through jointly tune association bias and resource partitioning fraction.
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Wim Boonstra, chief economist of Rabobank in the Netherlands, advocates a facility for euro-zone countries to finance themselves for four years through jointly-guaranteed debt of up to two years in maturity.
Australian universities have long enjoyed great success in attracting international students through their jointly owned national marketing organisation, IDP.
These days, the city is silent, as though the sand and dry heat (temperatures rise uncomfortably into the 40s through summer) jointly deaden sound.
With the hot lines closed, communications between the two governments have been basically conducted through their jointly operated industrial park in Kaesong, located inside North Korea.
Sellers, they said, could have up to five years to use their coupons and could transfer them through a jointly appointed certificate administrator, which they said would create a secondary market.
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