For example, a permanent Eurogroup President as the nucleus for a euro area Finance Ministry with proper analytical capacity and more autonomous decision-making powers could be a step in the right direction. This could be accompanied by stronger accountability towards the European Parliament, in particular for the implementation of the governance framework, for example in a euro-area sub-committee of the European Parliament.
Let me conclude by broadening again the scope of our discussion and coming back to the founding declaration of 1950. Going beyond the establishment of a common economic system, the EU project was from the beginning aiming at creating a deeper community of Member States.