Napoleon Bonaparte where art thou?

I am trying to be nice here, but its hard.  What we need, Mr. Fischer, is a clear understanding that having government hedge the currency banker is not really a good idea.  Look at the loan/deposit balance on you sheet. You have 2.4 T loaned to one member bank and all the rest have 2.4T on deposit.  A clear indication that you need to re-shuffle you member banks, maybe dump the member bank with the 2.4T on the loan books.

Fed’s Fischer Calls for Greater European Fiscal Integration

Europe’s Economic and Monetary Union will “very likely” survive its current crisis, but greater fiscal integration is needed for the eurozone’s future, the U.S. central bank’s No. 2 official said Thursday.
“The decision to use the single currency to drive the European project forward was a risky one, and at some stage or probably in several stages, it will be necessary to put the missing fiscal framework into place,” Federal Reserve Vice Chairman Stanley Fischer said in remarks prepared for delivery at a conference hosted by the European Central Bank in Sintra, Portugal.
Mr. Fischer said past setbacks and crises for the post-World War II European integration effort have “spurred policy makers to take steps that they might not otherwise have taken at that time, and the end result of those steps has been a more unified European monetary union.”
Greater monetary integration in the form of the euro’s 1999 introduction “until recently seemed to be a major success,” Mr. Fischer said, and “in turn made crystal clear the need for more fiscal integration.”
Mr. Fischer expressed optimism that the eurozone will endure, though he acknowledged the European Union faces “the possibilities of major difficulties associated with the current Greek crisis and, later, with a potential British exit.”