...the corresponding failure of elitist supra-nationalists...
...rather than an elitist and supra-national approach...
Yet, is there anything about this whole screed that doesn't scream elitism? Countries who've taken their responsibilities, bailing out the laggards, qualifying agendas as "anti-reformist", wresting control of the agenda. They don't mind elitism at all, so long as they're part of the elite. "The basis of optimism is sheer terror" - Oscar Wilde
See: freedom, reform, security, compassion, etc... In the long run, we're all dead. John Maynard Keynes