Dear Mario, don't let Italy drop a government of the euro

In the absence of quick and strong measures, the sovereign debt crisis is becoming the crisis of the euro and threatens those same foundations that the community was built on. However the crisis is much more than a financial whirlwind with devastating economic and social consequences.

European citizens, and in particular young people, doubt over their future, shaken up by the needs for rigor and the hopes for growth.
In the medium-term, we hope for the creation of a United States of Europe with all Countries and all European people that will want to take part.
Create a political, economic and fiscal Union by developing a European public space: these are the steps that are necessary to transform today's Union into the United States of Europe, safeguarding this way our role in the world.
We are convinced that the choice European institutions and in particular the December 9th European Council are called to make is not between a euro zone with 17 members or a Union with 27 or even more member states; it regards strengthening the Eurozone, averting the current inter-governmental drifts in order to maintain broader perspectives for the community. Some specific measures for the Eurozone are essential now. If the Eurozone were to fail all European integration would be threatened. In this context the priority is maintaining the legitimacy of the community for all decisions taken to support the single currency.

We are convinced that it is possible and urgent to strengthen the government of the single currency by using article 136 and the flexibility clause of the Lisbon Treaty. To do so, community decision making procedures that involve the Commission and the European Parliament and that exclude only agreements between governments have to be immediately activated. If necessary, Parliament, the Commission and the Council could underwrite an inter-institutional agreement that foreshadows future amendments to the Treaty.
It would be a mistake to forget the urgency and the need to apply the treaty, all the treaty, in sectors that do not require any amendment, like the tax on financial transactions, the full implementation of an internal market therefore including its social dimension and a European budget founded exclusively on its own resources in order to safeguard common assets that regard all of Europe (infrastructure, research, the environment, mobility of young people and researchers, inclusion…) and strengthened by the use of Project Bonds.

At the same time of measures for budgetary discipline we ask European institutions to adopt decisions to support a sustainable growth and temporary mutualization of the debt of member States for the part that exceeds 60% of GDP with the objective of progressively reducing the stock and with the idea of creating a European Monetary Fund.

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