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Repairing the Monetary Union is a major task, but it is a fundamental pre-condition for future balanced growth and social cohesion in the EU. Our initiatives for strengthening the social dimension, through improved governance, must ensure that the functioning of the monetary union does not contradict the social objectives all EU Member States share.
It is crucial that competent authorities are aware of the possibilities they have to ensure an adequate level of social protection for the staff of public service operators.
For me, the conclusion is that the strategy of muddling through the Eurozone crisis has run its course. It is not enough to speak about various elements of a systemic solution to the Eurozone crisis. The systemic solution must urgently begin to be implemented in practice.