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Concerns are also mounting over Italy, whose borrowing costs continue to soar.
The changes announced Tuesday would help countries whose borrowing costs rise even if they were in decent fiscal shape.
But the rise in short-term rates is hurting shares in financial institutions, whose borrowing costs are increasing.
We may be creating a class of institutions whose borrowing is, in effect, guaranteed by the government.
On Thursday, however, investors turned their attention to the No. 2, France, and No. 4, Spain, whose borrowing costs spiked during the day.
It called on the central bank to help calm the crisis by buying the bonds of Italy, Greece and other governments whose borrowing costs are surging.
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Banks whose actual borrowing costs are high do not want to admit they are seen as risky by creditors.
The government has poured $120 billion over five years into cleaning up nonperforming loans, many of them to the country's giant chaebol conglomerates, whose profligate borrowing and spending helped precipitate the 1997-98 crisis.
Last week, the International Monetary Fund called for Europe to begin issuing bonds backed by all members, so-called euro bonds, a measure that would take pressure off the most debt-burdened countries whose high borrowing costs are contributing to their economic woes.
For anyone whose prior borrowing is limited to a mortgage, these are tough conditions, though loans typically are renewed if the collateral remains sound.
Mr Ventura is another figure who prides himself on straight talk and whose policies borrow freely from left and right.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com