We are also deeply grateful for the work of the FSI, which is an extraordinarily helpful group. The same applies to the technical assistance on offer directly from Basel Committee member agencies and their associated national assistance bodies, plus the international multilateral development bodies.
This is a reasonable approach to further the implementation of the Lisbon strategy in a context where structural reform is the responsibility of Member States. In the absence of sufficient progress in structural reform, weak productivity growth has contributed to the low growth performance observed in the euro area in recent years.