The decision taken by EU finance ministers on 10 May 2010 constitutes a break with the recent history of the Euro. Therefore, the decision must be flanked by a radical reform of the Stability and Growth Pact. Otherwise the adopted bail-out would undermine its purpose and turn the current mistake into a permanent condition of irresponsibility towards national finances.

An efficient and sustainable strengthening of the Pact will not be possible without amending the treaties. The Centrum für Europäische Politik (CEP) has drawn up a proposal for an amendment, containing the necessary amendments in order to take the monetary union up to the next level of a stability community again.