But it illustrates the unbounded optimism - some might even call it irrational exuberance - about economic prospects and a willingness to abandon time-tested economic principles that offer cautions and imply constraints on economic opportunities.
Making a lasting success of monetary union is and will remain the ongoing task of, ultimately, all policy areas - not just of the single monetary policy, but likewise of fiscal and economic policy, which have largely remained national responsibilities. Member states must recognisably discharge their obligations and make that perfectly clear for all to see.