The irrevocability of membership in the euro area is an integral part of the Treaty framework and the Commission, as a guardian of the EU Treaties, intends to fully respect it. The Commission does not intend to propose the amendment the Honourable Member suggests. The Commission is of the opinion that reinforcing the Economic and Monetary Union (EMU), rather than fragmenting it, is the best way going forward in order to increase the resilience of euro area Member States to potential economic and financial crises. In order to underpin the functioning of EMU for the future, the Commission is working closely with other stakeholders, including the Parliament, to enhance economic governance and financial stability in the euro area.

OJ C 192 E, 03/07/2013