Sorting out the problems of over-capacity would become easier as consolidation took place across national borders.
Even so, Germany's economic clout means Angela Merkel has an effective veto on the proposals canvassed for sorting out the problems of monetary union.
"This European Council was about three things: sorting out the problems of the eurozone, promoting growth in the European Union, and ensuring that as the eurozone develops new arrangements for governance, the interests of those outside the eurozone are protected".
Policymakers have put the question of global rebalancing into a box labelled "too hard to deal with", and have been dilatory in sorting out the problems of their financial sectors.
A recent round of conversations with officials in the Elysée Palace and the finance and foreign ministries made clear that Hollande knows well that a strong Franco-German relationship is indispensable to sorting out the problems of the euro zone in particular and the E.U. in general.
The IMF – the body charged with sorting out the problems of the global economy – has again dominated the past week, with the focus on what its new managing director would do to resolve Europe's sovereign debt crisis and arrest the slide towards a second downturn.
They don't think politicians can sort out the problems of the country.
"All of Europe's leaders, including David Cameron, bear responsibility for the fact that over the last two years they haven't sorted out the problems of the eurozone and they haven't had a proper plan for growth and jobs".
Prime Minister David Cameron has said "money is no object" in sorting out the problems which led to large swathes of the Levels spending much of the winter under water.
