Argues that convergence and good governance enforced through institutions being held democratically accountable at the euro-area and national level are key, notably to preventing moral hazard;
trdi, da sta konvergenca in dobro upravljanje, ki ju uveljavljajo institucije z demokratično odgovornostjo na ravni euroobmočja in nacionalni ravni, bistvenega pomena, zlasti ko gre za preprečevanje moralnega tveganja;