And its talent for initiative – if I may say so - as initiated by Walter Hallstein and developed by Jacques Delors, was always present and was indeed the origin of the decisive concepts: from the creation of the EFSM, the EFSF and later the ESM which were ultimately based on the Commission proposals, to the Banking Union; from the initiative to launch project bonds to the Commission legislative proposals on the reform of the economic governance, including a new stability and growth pact.
Ja algatamise anne, kui lubate mul seda niiviisi sõnastada, mis algas Walter Hallsteiniga ja mida arendas edasi Jacques Delors, oli alati olemas ja just sellest said alguse olulised kontseptsioonid, alates EFSMi, EFSFi ja hiljem ESMi loomisest, mille aluseks olid kokkuvõttes komisjoni ettepanekud, kuni pangandusliiduni ning alates algatusest väljastada projektivõlakirju kuni komisjoni seadusandlike ettepanekuteni majandusjuhtimise reformi, sealhulgas uue stabiilsuse ja kasvu pakti kohta.