It is certainly the case that there is little to be gained from discretionary pro-cyclical policies. Rather, economic cycles could become more pronounced, resulting in costly adjustment taking place in downturns. The point I made earlier about small countries is relevant here. Euro area monetary policy is not significantly influenced by the inflation rate of a small country.
It is therefore important for small countries to have the flexibility in other policy areas to offset inflation. Of course, large countries would also gain if they undertook structural reform and avoided pro-cyclical fiscal policy. And there could be times when it is appropriate for large countries to use national policies to offset divergences.