Instead of eachprovince having its own list of approveddrugs, bureaucracy, procedures and limited bargaining power, all wouldpoolresources, workwith Ottawa, and createanationalinstitution.
In a banking union, eurozone states wouldpool their resources to act as the insurers or guarantors of last resort for the deposits in eurozone banks and for bailouts of banks that get into difficulties (this would be true, even if banks subscribe to a deposit protection fund, because there would never be enough in this fund to deal with all possible crises).
The larger pool of resources that an AMF would provide on a permanent basis to deal with such crises is an important rationale for setting up such an institution.