Ins and Outs This brings me to my second question: how does the banking union relate to countries inside and outside the euro area? I will make three points here. First, the banking union is critical for the Euro Area countries. Second, it is also desirable for Member States, which do not share the euro.
And third, the banking union should be about strengthening the internal market, rather than dividing it in two. The banking union is critical for the euro area… Let me start with the first point: the banking union is critical for the euro area countries.