Just think of the determination that the EU leaders showed last autumn in addressing the financial crisis; together they produced a common European action plan, the Paris Declaration. At this very moment, important changes in the European supervisory architecture are being discussed, notably based on the recommendations of the De Larosière Report.
Sabine Lautenschläger: Between low interest rates and bond purchases - has European monetary policy reached a dead end? Speech by Ms Sabine Lautenschläger, Member of the Executive Board of the European Central Bank and Vice-Chair of the Supervisory Board of the European Central Bank, at the Hohenheim University, Stuttgart, 9 October 2017.