To this end, we need to encourage a pro-reform attitude – in the international monetary system as well as in the advanced and emerging economies – and to make sure it is translated into concrete actions, to maintain the momentum in our collective and cooperative efforts.
On the other hand, notwithstanding some progress in individual countries, the effective pace of reform has so far remained slow and clearly insufficient to meet the Lisbon objectives. Over the past few years this has given rise to an implementation gap. Efforts to overcome structural inefficiencies in the functioning of markets must be stepped up.