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The passage comes amid worries in the financial markets that Italy would become the next euro zone nation to suffer a sovereign debt crisis like those in Greece, Portugal and Ireland.
Germany is, however, considering another, less dramatic proposal that could help calm markets that are increasingly fearful of a default of a euro zone nation: removing preferred creditor status from the European Stability Mechanism, the euro zone's permanent rescue fund, which is about to come into operation.
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Euro zone nations will also have to submit drafts of their national budgets to the European Commission, which will be able to request revisions if it thinks a budget could lead a country to break the euro zone's rules.
After Friday, the only euro zone nations retaining their top AAA ratings are Germany, the Netherlands, Finland and Luxembourg.
One is that the economies of some major euro zone nations will continue to stagnate.
In the meantime, the details of Germany's proposals worry several euro zone nations.
"The euro zone nations are totally consumed with the debt situation.
The strong euro keeps exports from the poorer euro zone nations noncompetitive and also makes it easier for Greece and other lower-income euro zone nations to buy German and French exports; both tendencies benefited German and French commercial interests.
That plan is now being discussed by officials from the other euro zone nations, whose approval is needed.
In effect, the four authors suggest that the more euro zone nations integrate, the more debt mutualization there can be.
The euro zone nations "took a long time, far too long" to agree to support their most heavily indebted members.
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