The advantages, however, are not confined to this role: the euro has also been a catalyst for fundamental and positive changes in the real economy, some of which are already very visible. 2. Second, much remains to be done to fully reap the benefits of the single currency.
And in my opinion, what is left to be done goes very much in the direction of more – rather than less – integration of our economies. There are measures that may be taken to achieve this goal in many areas and, foremost, in the field of regulation. 1.