International financial markets are taking their toll on the Eurozone which is running the risk of facing a new, severe phase of economic downturn. Not only small countries – in terms of GDP – but also Italy, the third largest economy in the Eurozone, are under a strong speculative attack. Rome was forced to ask for the support of the ECB and witnessed a further increase in the spread between its treasury bonds and the German ones to refinance its gigantic public debt. With a view to restoring confidence, European political leaders have already sketched out a plan (in the framework of the so-called ‘Six Pack’) leading to a profound reform of the European economic governance and enhancing economic convergence. Yet, the recent stock market crushes seem to demonstrate that financial markets are requesting more to forgive the ‘original sin’ of the Euro: the lack of a European Government. This Policy Brief provides insights and comments to take a quantum leap to a further economic and political integration of the Eurozone (and not necessarily of the European Union as a whole) in line with the high expectations of international financial markets.