thirdly it would obviously preferable if the aforementioned mechanism were created and managed the institutions themselves rather emerging as an intergovernmental initiative the euro air
Thirdly, it would obviously be preferable if the aforementioned mechanism were created and managed by the European institutions themselves, rather than emerging as an intergovernmental initiative for the euro area.
Thirdly, it would obviously preferable if the aforementioned mechanism were created and managed the institutions themselves, rather emerging as an intergovernmental initiative the euro area.