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He said: "We need more integration at the eurozone level.
If taxes and economic policies are to be adopted at eurozone level, who will vote on them?
At the Eurozone level, it is obvious that the success of its own structural reforms will further encourage the German government to continue hammering on structural reforms.
But US and British central bankers proved much more nimble in restructuring and bailing out troubled banks than the EU did at both national and eurozone level.
There will not be social security transfers or anything like this on the eurozone level but I nevertheless think it would be a good idea to have an additional eurozone budget democratically run by a eurozone parliament.
An obvious issue to address would be the much criticised fact that there are no significant fiscal transfers or automatic stabilisers on the eurozone level that could help to counteract asymmetric economic shocks.
Similar(48)
It remains well above its eurozone target level.
There has also been "substantial progress at eurozone governance levels", Draghi says.
There was intense discussion, too, about the eurozone and levels of debt.
Draghi eased the jitters in financial markets on Thursday when he signalled that the ECB would provide more stimulus in March to raise the eurozone's inflation level closer to its target of close to, but below, 2%.
In the recent collapse of the Cypriot banking sector, which led to the winding up of the two biggest banks and a eurozone bailout, the level of foreign accounts was also seen as a significant problem.
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