Is it wrong to look at how Ireland implemented well focused structural reforms to achieve such a leap in GDP per capita? Should we ignore how Finland succeeded in raising its employment rate by 7 percentage points in 10 years?
And outside the euro area but following exactly the same monetary policy, does not Denmark present a remarkable example of a good functioning labour market in a social environment which has similarities with a number of European continental economies? The European Union can also contribute in a direct way to the Lisbon goals.