2. EMU’s growth engine  The European Commission estimated in 20131 that the euro-area medium-term growth prospects – in other words, the growth rate in the next ten years without any additional reforms – is only 1%. These figures would hardly earn you a place in the heart of a young Top Trumps enthusiast.
1  European Commission (2013), “The euro area’s growth prospects over the coming decade”, Quarterly Report on the Euro Area 12(4). BIS central bankers’ speeches  1  What’s more, one might argue that a lot of potential in terms of structural reform has already been unlocked, especially in the countries worst hit by the crisis.