Let me thank you most particularly for your words on institutional reform.

The moment of truth, however, in the coming year will be institutional reform.

I would now like to turn to the third area in which changes are needed for the Union's future: institutional reform.

Let me also say a few words on this institutional reform.

In the short space of time available to me, I am going to focus on the institutional reforms.

This is the kind of institutional reform that the Union needs!

If we no longer like Europe, institutional reforms will not get us very far.

On the one hand, there are the institutional reforms themselves.

I hope they will make it by the time the Union has made the necessary institutional reforms.

There is clearly a need for institutional reform if we want to remain effective.