"Reform" does not work, so let's do more "reform".
The difference between economics and medicine is that there is no way to run controlled trials. Even "epidemiology" has the problem that the number of distinct economies is too small, while there is no shortage of patients.
So, is economics hopeless? tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker
