Such reforms should aim to enhance productivity growth and labour utilisation while maintaining stable macroeconomnic conditions. In this context, the Lisbon strategy is a fundamental and ambitious programme to draw our attention to the urgency of such structural reforms. The United States, where cross-state labour is higher, could also be considered to be a role model for Europe.
Speaking to an audience of journalists and business executives, I am well aware of the hard task you are confronted with – that of conveying the message about the beneficial effects of reforms in growth and job creation.