The obvious example for me in this context is the ECB, whose independence and mandate have been repeatedly – and pointlessly – called into question over the past ten years. We can’t take up the challenges of the next ten years if we don’t build on the assets achieved over the past ten years.
This is, unsurprisingly, a paradigm shift: it entails moving the focus from financial or regulatory instruments to policies. Until now, the EU tended to believe that it was enough to create instruments, as they would induce policies, as was the case of the European Social Fund and the European Regional Development Fund.