But let us be modest and bear in mind that solutions to the crisis are only good:   if they are thought through carefully,    if they are widely accepted and shared by European citizens, and    if they are widely implemented across euro area countries and, when needed, improved and strengthened as necessary.
As Konrad Adenauer put it many years ago, “Die Einheit Europas war ein Traum Weniger. Sie wurde eine Hoffnung für viele. Sie ist heute eine Notwendigkeit für alle” (The unification of Europe was the dream of a few. It became a hope for many. Today, it is indispensable for all). BIS central bankers’ speeches  5