The employment gains for low-skilled workers in connection with the observed growth of the service sector over the last decade may be taken as evidence that the euro area labour force is reasonably successful in adjusting to globalisation by structural change towards services.
•  Issue sufficient funds to perform the announced recapitalisations of banks. It has been stated that the government ownership through recapitalizations should be a temporary solution. When it comes time to wind up the government ownership of the banks timing can be hard; should the government for instance sell its shares, when the share prices are high, i.e.