Whatever is decided for the euro area could conceivably also apply to the rest of the Union, but the discussion among all 27 Member States should not water down what is necessary for the euro area. The second point is that the institutional framework can be strengthened within the current Treaty, exploiting to the extent possible secondary legislation.
One is elimination of subsidies, which are inappropriate and not directly targeted to the poor, and elimination of most of the tax exemptions, which are patently distortionary. Moreover, the delivery of essential public services such as education and health to a large section of our population is a major challenge.