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The debate is over method and whether the proposal set out by David Cameron will be effective.
The further proposal set out by the president recently to limit the proprietary activities of banks approaches the problem from a complementary direction.
A third proposal, set out in a recent study*, is that ministers should announce fixed rates most likely, the ERM central rates well in advance of monetary union.
In its original draft, the Franco-German proposal set out six objectives to be achieved within a year, among them abolishing wage indexation, raising pension ages, creating a common base for corporate tax and adopting constitutional "debt brakes".
In a separate proposal set out in the command paper, the Liberal Democrats called for English MPs at Westminster to have a "stronger voice and a stronger veto" over purely English-only issues.
It is the first concrete alternative to the proposal set out by the Co-op, which owns grocers, funeral homes and pharmacies, to plug the capital shortfall and stave off nationalisation.
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Such is the tumult that the federation is even split on the first proposal setting out the organisation's purpose.
She the SLF proposal "sets out a distinctive, liberal and sustainable vision for the economy, marking us as a party committed to long-term investment and growth.
"While we recognise that it is UCU national policy to oppose compulsory redundancies, we are disappointed that UCU has decided to hold its ballot now given that consultation on the proposed changes will not be closing until 8 May, with final proposals set out later in May".
"We are clear that the proposals set out are lawful," the government said.
Most of the agency's proposals, set out on December 3rd by William Donaldson, the SEC's chairman, are uncontroversial.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com