These institutions will make it possible to recover, under shared sovereignty, the loss of individual autonomy arising from the need to comply with the group’s regulations. The importance of mitigating moral hazard cannot be underestimated, given that it may obstruct mutual aid and solidarity among Member States.
Minimising moral hazard is a necessary condition of confidence and mutual aid among group members, implying participation rules and compliance-monitoring mechanisms and institutions. In order to overcome the crisis that has been undermining the European project, the sense of urgency, diagnosis and the convergence of willingness are not enough.