My thesis is that if we are to achieve this, all stakeholders need to work in close collaboration. In a small, closely-knit society, as ours, market mechanisms alone are unlikely to produce the desired results.
5  A year later, at the 2012 Jackson Hole conference, I quoted Jean-Claude as having said, “[T]he European project is a project in process. It was not set up with this particular aim of getting to a monetary union. We’ve had crisis after crisis since we started.