Besides these, of course, there are many other structural problems that we must face. And the proper policy for dealing with such problems is structural reform, although that is not so easy to carry out, due to factors such as the resulting unemployment and conflicts of interest among different social classes.
The continued low level of consumer confidence is also related to uncertainties about the appropriate path for structural reforms in many euro area countries. Further progress in the implementation of necessary structural reforms is key to stronger confidence, and such reforms create the conditions for consumption and investment, for growth and job creation.