Ever since 2010, the European Union in general and the countries of the Eurozone in particular have been struggling to reform themselves. In the public perception, the dispute over the right way to achieve a stable and functioning economic and monetary union no longer occupies as much space as it did in large stretches over the past six years. Nonetheless, many reform projects are still far from complete. Of the areas listed in the Five Presidents’ Report, significant progress has only been achieved in one: the Banking Union. When it comes to fiscal union, democratic union or reforms of the common market, however, development is stalling.