As debts in Europe mount in inverse proportion to the ability of its citizens, companies and governments to make good on them, the view is forming in Berlin and Brussels that a signal must be sent that citizens and investors must start accepting losses for the euro zone to survive in the long run. " There have been too many bailouts in Europe ; it's time to (remove) the air bags, " said Stephen Jen, a former economist at the International Monetary Fund who runs a hedge fund in London.  
 Verb: remove
Yes