First, liability and control must be aligned, with important decisions taken only by those who will bear their consequences. Second, the discharge of democratic control must lie at the level at which policy decisions are taken. Given the current state of our Economic and Monetary Union, further efforts to deepen it through political and economic convergence are clearly indispensable.
1 archiv.bundesregierung.de/archiv-de/meta/startseite/meseberg-declaration-1140806 2 www.ecb.europa.eu/pub/economic-bulletin/focus/2018/html/ecb.ebbox201805_06.en.html 3 While the Commission mentions such a mechanism, the identification of reversals is left overly vague.