We will have to survive  2  BIS Review 46/2009  until then and make sure that economic conditions in terms of employment, social stability, financing our yawning balance of payments deficit, reserve level, indebtedness etc. do not become worse pending the recovery. And we must not in the meantime take wrong policy measures in response to short-term pressures.
In the light of this it is not surprising that in Germany both the government and the opposition support the project of monetary union - despite the considerable reluctance of the population.