New staff assessment systems, merit-based promotion and increased accountability, which the Government intends to pursue in an enabling act, all move in this direction. This is the biggest and most difficult challenge with a view to balancing the public finances and supporting economic growth. The Planning Document does not include any measures having a significant impact on pensions.
The euro area is drawing up a roadmap to complete EMU based on four key pillars: financial market union, fiscal union, economic union and political union. On financial market union, progress is already being made with the agreement to establish a single supervisory for euro area banks.