This is the aspect I would like to focus on now. I welcome the consensus that now exists in France that competitiveness is a key policy concern. Indeed, it is a key concern in every country of the euro area. And it is of fundamental importance to the euro area as a whole.
Europe’s future prosperity requires member countries to be competitive individually in order to be competitive jointly and thrive in an open, global economy. BIS central bankers’ speeches  1  External and internal competitiveness of the euro area Let me begin by defining a competitive economy. In essence, it is one in which institutional and macroeconomic conditions allow productive firms to thrive.