I can't access the link, so can't tell if the quoted part is from Münchau or quoted by him from someone else. If the former, then he is speaking of Eurobonds as well as fiscal union as solution to the current crisis. Earlier it has been argued by many though that treaty changes take years and thus can indeed only address the next crisis rather than the current one. So again Martin Schulz in today's taz, though his quick solution Eurobonds supported by individual member states separately, solves nothing if I remember correctly.

_{*Lunatic*, n.
One whose delusions are out of fashion.}