Well I would recommend a few things for only the countries in the EU that are using the EURO, as the problem in my opinion is only in that arena first and foremost.
First, a central EURO authority should be created to centralizing the various retirement programs in those countries that currently start a retirement program at age 55 which in my opinion is a wee bit too early and might be paying a bit too much.
Second, I feel that it is quite costly for every country to have and to maintain their own defense departments. I feel that the purchasing and the accounting as well as the control would be cheaper and better managed if there were a central fiscal control for all the countries in the EU that use the EURO.
Third, I feel that there needs to be a central revenue collection method from the various countries in the EU that use the EURO for the management of problems like this in the future.
Britton must stay out of all this till the EU countries that use the EURO get this completed which could take 30 or so years, then if Britton likes what they see some thirty or so years down the road of time they could, if so desired join that new and revised EU set of countries that use the EURO and get rid of the pound.