15  12  See, for example, the analysis of the role of wage developments in the 1970s in explaining European unemployment in O. Blanchard, “The medium run”, Brookings Papers on Economic Activity, 2, 1997, pp. 89-141.
These have been in place in the EU until the end of 2022 on account of a systemic exemption during the pandemic crisis. They need to be strictly limited to exceptional crises times and now is not the time to reintroduce them. As a second priority, I call on you to empower and trust prudential authorities.