It will be built through concrete achievements which first create a de facto solidarity.” Final observations I would like to conclude, answering the question put to this panel (“What is the future of the euro?”) on a confident note. I am convinced that the euro area will not only survive this crisis but also will emerge stronger and more united than before.
Europe has faced difficult crises in the past, while not of this magnitude, which were ultimately overcome and led to the bolstering of European integration. I believe that this time will be no different. The European project is still a work in progress and, as we have seen, has flaws in its foundations.