A central challenge for our economies is to set conditions so that the skills and capabilities of the labour force, especially of our young people, can be profitably employed in competitive firms, or in the new enterprises that they will go on to set up. In this vein, removing rigidities in product and labour markets clearly raises the potential for growth and job creation.
And the resumption of economic growth is fundamental for returning to a sustainable fiscal position. Concretely, we must identify the bottlenecks that prevent the vast resources of the euro area from being used most fruitfully.