In addition, the central bank must help in the area of long-term growth, as long as price stability is maintained. •  Secondly, the independence of the central bank in its use of the policy instruments to achieve the target was clearly specified.
In some euro area countries, this phenomenon is driving youth unemployment to levels that threaten the very fabric of society. Since the crisis started, there has been important progress in labour market reforms and fiscal consolidation in euro area countries, particularly those under an EU/IMF programme. And the painful measures taken are starting to bear fruit.