The most logical thing to do would be to pool European representation in the IMF and thereby obtain a power of veto like that of the United States so as to play a greater role. This would of course require some organisation within Europe to define a common policy, as is done for trade issues for instance.
European supervision and the European framework for managing bank failures, of which the BRRD is an important part, have made such a cause of fragmentation, namely the different countries’ responses to banking crises less likely today. But more needs to be done.