3  Routes to a stable monetary union  And such a loss of confidence is just what we are facing right now. The public, and also the markets, have lost faith – in politics, but also in the architecture of our monetary union. The question is: how do we go about restoring confidence? Let me begin by stating clearly what won’t work.
Setting up larger and larger rescue packages is not the way to instil lasting confidence. This strategy ultimately has its limits – be they political or financial. And the proposal of circumventing financial limits by printing money is dangerous. Of course the resources of a central bank are, in theory, nearly without limit.