See RBA (2014), Submission to the Financial System Inquiry, March, p 213. BIS central bankers’ speeches  5
Unless the slow and partial approach of most Member States with regard to structural reform is improved, it will become increasingly difficult to attain the Lisbon objectives. This lack of progress with respect to structural reform and the apparently weak commitment on the part of governments to embark upon such reform call for enhanced co-ordination of structural policies at the European level.