BIS central bankers’ speeches  euro area’s banking system, the achievement of efficient credit allocation and sustainable debt levels, and the implementation of structural reforms to spur productivity growth.
Changes in Lithuania’s economic structure shrunk the importance of the agricultural sector and amplified that of the service sector. Clearly, regions find it difficult to adapt to these structural changes. What we have there now is structural unemployment – something that cannot be reduced even by the fast overall expansion of the country’s economy. We are also witnessing the consequences of persistent unemployment.