In the last years, and as a consequence of the COVID-19 pandemic, the EU has taken extraordinary steps forward. It has reduced the impact of the economic recession, supported the economic recovery, avoided a new financial crisis, and ensured the sustainability of the Economic and Monetary Union. The Eurogroup, which gathers the finance ministers of the eurozone, has been a key actor in this process. Moreover, it will continue to be essential in fostering the improvements in the architecture of the euro that will arise from the implementation of Next Generation EU. Nadia Calviño, VP and Minister for Economy and Digitalization of Spain, and Paschal Donohoe, President of the Eurogroup and Finance Minister of Ireland, will discuss the opportunities that lie ahead for the euro area in the context of the recovery. They will reflect on the reform of the European fiscal rules, the way forward on Banking Union and Capital Markets Union, the key role of recovery plans, and the renewed international role of the euro that will emerge from the large issuances of euro-denominated bonds.