Let’s have a look at the state of play in the member states. 3. Reforms at the national level  In many countries, structural reforms to remove rigidities in product and labour markets are now underway. A number of labour market reforms have been introduced to foster employment and reduce adjustment costs during economic downswings.
In addition, the retirement age has been raised as well. Product market rigidities that weaken competition, produce regulatory red tape, and inhibit growth, are also being addressed.