8  BIS Review 44/2008  •  The remit of the Member States’ structural policies is to create flexible and efficient product and labour markets with a view to fostering the growth potential of euro area economies and to improving the adjustment mechanisms in EMU.
•  In line with the Stability and Growth Pact, Member States are supposed to maintain sustainable public finances, thereby effectively limiting public deficits and indebtedness and ensuring an effective working of automatic fiscal stabilisers.