The EuroThinkTank of Finland, a working group representing economists, experienced professionals in the financial system and a statistician, was created for the purpose of assessing and understanding the causes of the euro crisis and envisaging the future of the currency. The think-tank arose from the disappointment of its members with the economic development of the euro zone, the rhetoric nature of the policy on the euro and the lack of diversified argumentation in the assessment of the associated issues.
For the EuroThinkTank, a special interest was to examine the options available for Finland, a small euro member. The results of this analysis ware published as a book Future of the Euro - The Options for Finland published in the 7th of May 2014. The think-tank held that the foreseen political union, banking union and fiscal union will push the euro zone towards a sort of practical federal state, referred to as the 'weak federation' in its report. These developments, however, are not based on a democratic process where the citizens would be heard. The analysis also showed that the entire euro zone has only two stable options that do not involve any internal tensions regarding the further development of the system. They are first, a strong federation consisting of the euro members, or second, a return back to national currencies. The latter option would mean the type of EU membership like Sweden and Poland have today. In addition, each individual country then could determine her preferred level of integration. If this happens, part of the euro zone may evolve into a federation whose currency is not used by a group of member states content with a lower level of integration. The European central bank has recently announced of its new monetary policy stance in terms of quantitative easing to strengthen its policy lines introduced in 2014. Currently, the new political leadership in Greece is challenging her existing contracts with the other member states. The euro crisis is not over. Neither is the task of the EuroThinkTank.