According to the Treaty of Maastricht, the future European Central Bank should function very much like the Bundesbank. It is however likely that it will run into problems due on the one hand to the size and heterogeneity of the region covered by the Euro and on the other hand to the composition of its Monetary Policy Commitee. It follows that the Euro will probably not be as stable as the Deutschmark.
AFTALION, F. (1997). Que peut-on attendre de l'Euro ? Revue Politique et Parlementaire, pp. 31-34.