In fact, there seems, instead, to be a risk of an economic government at the euro area level potentially being used as a scapegoat for unsuccessful policies at the national level, which would thus even undermine incentives for sound policy and effective policy coordination.
A prerequisite for grant of the licence was that these banks had to be fully automated from day one. The results are self-evident as these banks have become hightech banks. This has had a "demonstration" effect on the entire system.