It hinders the search for solutions that benefit the common interest. I think we should reflect further on this matter. The fourth aspect of this crisis has been a tendency to address and resolve issues mainly through an intergovernmental approach, rather than a Community method.
This is obviously a problem when the common interest of the euro area does not necessarily correspond to the sum of national interests. It is one of the reasons why the Council’s decisions have often been taken at the last minute, under pressure from the markets, when the danger of immobilism is evident to all.