According to today’s preliminary flash data release provided by Eurostat, there are now 9.2 million more people in employment in the euro area than there were at the end of 2014, just before the ECB announced its expanded asset purchase programme, and 10.8 million more than in the second quarter of 2013, when the number of people in work fell to its lowest point during the crisis.
Completing Economic and Monetary Union In order to reap the full benefits from our monetary policy measures, other policy areas must contribute decisively to raising the longer-term growth potential of the euro area and reducing its vulnerabilities. Sound fiscal and economic policies at the national level are the first line of defence to make the euro area stronger.