There is an on-going economic recovery in the euro area which is broad-based as it is now happening in all member countries. These signs are encouraging, even though growth remains below rates observed before the global recession and unemployment rates, in particular for young people, remain unduly high.
What I would like to do now is to elaborate on what can be done to strengthen the recovery in the euro area. I would like to focus on three factors: the rehabilitation of the  2  2  These estimates are based on the NiGEM and a global VAR.