Mario Monti, twice a European Commissioner, explains his European commitment and highlights the positive realizations of the Economic Union. He urges that in a changing world with new and huge challenges, EU members must find the intellectual and moral strength to overcome their differences and put an end to the present confidence crisis. An important issue for the EU's future is the remodelling of its budget. This has to be done on the financing side with the implementation of a more transparent and democratic taxation. On the expenditure side, external security and climate challenges must be top priorities.