This will strengthen the democratic legitimacy of the EU, a step which is also necessary in view of the upcoming enlargement with its increase in diversity and complexity within the Union. It is therefore not a further integrative step but rather a consolidation of the existing institutional framework.
Changes to the institutional framework of EMU were not originally intended, but these now seem to be on the agenda. The ECB and the euro area central banks have voiced their opinion. It is now up to the Intergovernmental Conference to decide if a change in the European stability consensus is in the interest of Europe’s citizens.