So until we have completed EMU, which means achieving the minimum requirements in all areas for our union to be truly sustainable, doubts about its future will never entirely fade away. And this is true no matter how much political commitment is voiced.
What I would like to discuss today is what those minimum requirements are to complete our Union in a way that brings stability and prosperity for all its members. The minimum requirements for monetary union When countries join a monetary union, they share monetary policy and no longer have individual exchange rates. This offers significant benefits, but it also creates costs.