I would say that there are deeper fundamental causes of the situation in Europe that have built up over a number of years that can only be resolved over a number of years. That is why the measures that the European authorities are putting in place must have that time horizon, so they can facilitate those adjustments in those economies, while at the same time the Europeans reconstruct or “re-found”, to use our terminology, the monetary union and how it works, so that they don't fall back into this situation a decade or two decades hence.
