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And he wants fiscal harmonisation across the euro zone.
Former European commission president Jacques Delors thought that a common currency would naturally and organically foster a political union and fiscal harmonisation, but this was not to be.
On the economy, Hollande would like increases in EU investment and more fiscal harmonisation, while Renzi has argued for greater flexibility on EU deficit rules to help Italy's ailing economy.
The EC's main principles and objectives are: free movement of persons, goods, services and capital, non-discrimination on the basis of nationality, equal treatment for men and women, fiscal harmonisation, development of research and technology, right to education, training and health services, environmental protection.
Hugh Savill, director of prudential regulation at ABI said: "A financial transaction tax would be bad for British consumers, and the consequences of closer fiscal harmonisation are not understood, but the immediate challenge for us will be exerting influence over EU regulations that will affect the UK financial services industry and its customers".
I believe that in order to remain a member of the EU, Britain needs the distinction between the eurozone and those outside it to be formalised by treaty, so that member states that have chosen to keep their own currencies are not dragged into the fiscal harmonisation that will sooner or later accompany monetary harmonisation.
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And many want to extend the notion of fiscal-policy harmonisation, the better to prevent "tax competition" and achieve a "fair" distribution of taxes between capital and labour.
Saunders believes markets are awaiting more details of just how tax harmonisation and fiscal union in the eurozone may work before delivering their verdict.
The German government's new policy paper speaks of the need for "more energetic harmonisation of fiscal policy, especially with regard to taxes on business".
An agreement last week to move towards greater harmonisation of fiscal rules initially pleased markets but in recent days investors have viewed the deal as weak and subject to wrangling and delay.
If the euro zone moves to greater fiscal and economic-policy harmonisation, it may make the entire club less congenial to liberals and less appealing even to those in Britain (including Mr Cameron) who want to stay in.The European project has long had at its heart a tension between an economic liberalism that favours openness to the world and an economic nationalism that prefers a fortress.
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