In consequence, unemployment continued to rise across the business cycles until it reached a level that was no longer sustainable. The measures that were then taken boosted flexibility, lowering the barriers to entering the labour market. For example, the liberalisation of temporary employment makes it easier for employers to hire job-seekers.
“The most important factor, which must prevail on others, is the political will to build the Union.” I thank you for your attention. 4  BIS central bankers’ speeches