The article provides a detailed analysis of the different interpretations and alternative scenarios for the implementation of Article 85 of the Treaty on the Functioning of the European Union (TFEU) as regards providing binding powers to Eurojust in exercising two functions: coordination as well as initiation of investigations and prosecutions. In this respect, Art. 85 TFEU opens new prospects, some ambitious, some moderate and some essentially maintaining the status quo. The author examines the advantages and disadvantages of each institutional development scenario succinctly, building upon the valuable conclusions and arguments that have been presented at the strategic seminars organised by Eurojust in past years. © 2013 ERA.