the eurozone is far beyond the point of no return in terms of fiat debasement. right now, when the recession is at its beginning, the states are already running extreme deficits again, which can only be stopped by the fiat money press. the debasement of money is implicit and it must accelerate if you argue within the logic of this fiat system. i don't see how monetary policy reforms could be carried out within the existing set of rules that could stabilize the euro again and make it an anchor of value, for example by depositing it with bitcoin or gold. These officials are miles away from that, they live in a completely different world