An advice to Central Banks

I have a excellent plan to solve the monetary problems caused by sovereign debts in Europe. Most of the central banks activity is the trade with the Government trusties. Trade with these trusties is also the main source of profit of the commercial banks and source of the inappropriate behavior of the bankers. To prevent situation, when only French or Russian stile revolution can change the political social evil the activity of these institutions causes, the best would be to let the central banks to purchase all the freely marketed government securities. If this step would cause some increase in inflation pressures, the minimum reserve rate requirement should be raised accordingly. By this step could be achieved several goals.
1.Reduce the government debts and the interest payments that burden the national budgets. (The interests paid to the central bank will be registered as Government income).
2.The banks would lose a chalk of their activities, where they without risk can make profit, which is translated later to unjustified reward to the executives and managers.
3.The Central Bank would have much better control on the credit volume. It could pour directly money in the system by printing it, and sucking it out by increasing the Reserve Rate Ratio.
4.To prevent from government to misuse  the system of unlimited “free money” to spend, the government expenses and deficit should be controlled directly, by limiting it to the level of economic growth plus half of the inflation rate.
5.The only reason to increase the deficit above the mentioned limit would be war, and this should be financed directly by tax increase on the companies and wealthy. This would make wars very unpopular among the decision makers, and it is also only for good.

The only problem not solved by such a change of the system is, what will do all the unemployed bankers. 