At national level, they must ensure that the body politic coalesces around policies aiming at restoring the credit of the state, as this is the only way to preserve our social model. And they must accept that European interest will be better promoted by strong community institutions.
Crisis resolution Against this background, addressing the three dimensions of the crisis at once may appear as a daunting task. But precisely because the dimensions are so closely intertwined, successful reforms in either one of them can trigger a virtuous circle in the others. 4  BIS central bankers’ speeches  The reform agenda should rest on several pillars.