28/10/2019 As director of Altiero Spinelli Institute, today I had the honor to attend the event “Farewell Mario Draghi” in Frankfurt.
I also had the opportunity to thank #Draghi on behalf of European Federalists.
This man is a revolutionary. Not only he has defended the euro #whateverittakes and adapted the policies of European Central Bank to the new situation (there is no longer risk of inflation but on the contrary there is risk of deflation), but he tirelessly advocates the setting up of a “euro area fiscal capacity of adequate size and design”.
Today Draghi talking about Europe mentioned two times the Federal word (so difficult to use for so many politicians):
1) Ecb today is a “modern central bank able to deploy all its instruments commensurate with the challenges it faces, and a truly FEDERAL institution that acts in the interests of the whole euro area”
2) “it is plain to see that now is the time for more Europe, not less. I mean this not in an axiomatic way, but in the truest traditions of FEDERALISM. Where results can best be delivered by national policies, let it stay that way. But where we can only deliver on the legitimate concerns of the public by working together, we need Europe to be stronger.”
Macron mentioned Altiero Spinelli and Jean Monnet, Mattarella made a brave speech asking for a sovereign Europe.
The most aware politicians understand that EU as it is today is not enough. I hope that Draghi will have other chances to push European unity forward and possibly fight in the front who struggles for a badly needed change of the European Treaties.
Leaving the Ecb building (“truly FEDERAL institution”!), some words of my beloved Jean Monnet (1952 – opening session of the assembly of European coal and steel community) came to my mind:
“The tragic events we have experienced and those we are experiencing now may have made us wiser. But we will pass away, others will come to replace us ; we will not be able to leave them our personal experience because this experience will disappear with us. What we can leave to them are institutions. The life of institutions is longer than that of men, and thus institutions may, if they, are set up in the right manner, accumulate and transmit the wisdom of succeeding generations.
In these days when the first supranational institutions of Europe are being established, we are conscious of the beginning of the great European revolution of our time : the revolution which, on our Continent, aims at substituting unity in freedom and in diversity for tragic national rivalries, the revolution which tends to stop the decay of our civilization and to initiate a-new renaissance.
Our common supranational institutions are still weak and fragile ; it is our duty to develop them, to make them strong and to protect them from our tendency to reach short-run compromises. For, since they have sprung into being, the Europe which we wish to leave to our children is no longer only an aspiration. It has become a reality.”
So let’s complete the federal monetary policy with a federal government with a federal budget and a federal foreign and defense policy!