Healthy financial systems As our economies have become more open, we have also been reminded of the importance of a solid, efficient financial system. In any country, growing firms need access to credit from a sound, wellfunctioning financial sector, including a healthy banking sector.
Moreover, in those European countries and regions where competitiveness has declined and/or the unemployment rate remains high, it is important that wage increases do not fully exhaust productivity gains, in order that incentives remain for firms to create additional jobs.