In this respect, the speeding-up of structural policy measures which aim to increase productivity is of the utmost importance. For this purpose, the 2002 Broad Economic Policy Guidelines should set the conditions for stepping up the pace of economic reform.
This requires an acceleration and deepening of structural reforms in the labour, product and financial markets in order to provide economic agents with the proper incentives. As regards fiscal policy, it is vital that that all Member States maintain a medium-term perspective in compliance with the framework of the Stability and Growth Pact.