EMU contributes significantly to the strength of the EU but without a political Union and effective institutions the ship will lose balance. Therefore, I would like to comment briefly on provisions in the draft Constitution that concern the overall political institutions and procedures of the EU.
I think, it is to be welcomed that the draft Constitution increases the visibility and continuity of the key representatives of the EU. A new elected President of the European Council and a strong EU Foreign Minister will help to put faces to decisions. I also support the extension of qualified majority voting. The EU may not necessarily acquire new competencies.