Eighthly, the implementation of codes must be treated as an ongoing process requiring awareness in the market and the public and should not be treated as a one-time job. Indian approach to implementation I would like to take this opportunity to place before you the approach adopted in India in the implementation of standards and codes.
It would be quite a stretch to claim that the euro area has been in such a “high-pressure economy” up to now that would explain the recent notable downward revisions in structural unemployment. This is probably true for the economy as a whole.