***  The “monetary” side: price stability in the euro area The “M” side of the EMU is relatively straightforward to assess. The Treaty assigns the ECB the primary responsibility for maintaining price stability in the euro area over the medium term.
At the same time, we need to remember the positives—all the new jobs that will be created and the people who will be needed to build these vehicles, to write their software, to maintain the 5/6  BIS central bankers' speeches  fleets once they are built, to redesign and construct roads, to coordinate traffic and so on.