If Member States seize this opportunity and show commitment to reform, the resulting benefits for all citizens of the EU can pave the way for a further Europeanisation of both fiscal and structural policies by building on the instruments developed during the pandemic.
[17]  15/19  Conclusion My main message today can be summed up with the title of a song by the electronic music duo Daft Punk  [18]: “Harder, better, faster, stronger.”  The harder we push to close the output and inflation gaps, the better the outlook for the euro area economy.