In the area of macroeconomic policies, I think we'll see more centralization, like in the budgetary sphere.

The Italian economy has been held back for decades.

If Spain goes under, Italy will come under even more scrutiny.

If the euro becomes a factor promoting Europe's drifting apart, then the foundation of the European project is destroyed.

As to the question of elected or not elected, each member of the European Commission has been appointed jointly by the governments of the 15 member states, and undergone individual scrutiny and a vote of confidence from the European Parliament.

Europe has to avoid old prejudices and new ones. That means north versus south, rich versus poor.

Italy even in the future will not need aid from the European Financial Stability Fund.