That is the optimistic title of the report to be presented at this week's EU summit. You can find the full report here.
The report was compiled by the President of the Council Herman Van Rompuy with the aid of the Commission to lay some ground work for the eventual move towards a fiscal and banking union in the eurozone. Although it is clearly in its very early stages being only seven pages, the report gives a flavour of what's to come - importantly, though, the Commission has said this morning that the next report on the issue will be provided in December, so anyone expecting progress on this issue within weeks and months was sorely mistaken.
We'll update this blog with our thoughts and analysis as we delve deeper into the report.
The final version of the report is now available on the European Council website (see here).