It’s an important task, but it seems that it is no longer being pursued with the same sense of urgency. That is why, today, I want to take this opportunity to highlight areas where we need to continue to push forward and put EMU on a more sustainable footing.
After briefly reviewing the progress already made, I will argue that the current debate on deepening our monetary union requires three main elements to ensure the long-term viability of the European project. First, we need to remain ambitious in completing the banking union so as to safeguard financial stability.