The euro zone´s "black hole of debt"

Ireland has finally agreed to a massive bail-out in order to save the euro. But all people are not convinced that we have seen the end of the euro crisis:

George Papaconstantinou, the Greek finance minister (who should be an "expert" with regard to this kind of problems, NNoN), warned that the Irish bailout would not be enough to plug the euro zone’s black hole of debt.
”Even if Ireland is helped, it cannot prevent the debt crisis from continuing,” he said “[It] will focus on other countries: Spain, Portugal.”

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/8150137/Ireland-forced-to-take-EU-and-IMF-bailout-package.html