Mr. Marco Buti:

I think it is well understood by now that economic and monetary union was created and evolved over time. We did not have all the tools we have now. I think we have paid the price for that. The firewalls which were put in place when the sovereign debt crisis erupted were not there in the first place in the Maastricht treaty. This is clear. I think we are better equipped now because we have the firewalls with the European Stability Mechanism, and with the European financial stability facility before. They were also deployed in the case of the assistance that was given to Ireland.