Notwithstanding the gradual approach that has historically characterised the Union, we must take concrete steps to solve the imbalances that exist within the Union. If we don’t, the EMU might even be jeopardised eventually. The EMU is not an end in itself.
It was designed to contribute to improving the lives of EU citizens and to strengthen the role of the European Union – and consequently of each EU Member State – in the world. These are the key assumptions that, if realised, give it strength and legitimacy. Indeed, the EMU must not be perpetuated out of fear of the consequences of its failure.