For analysts, this is a resource: they can compare countries and firms located in different countries to isolate the relevant differences, to learn from such differences, to identify the best practices. For policy makers it is a difficult challenge.
We must reinforce the construction of Europe: the difficult times some European countries have had this year in coping with competitiveness and fiscal crises prove that beyond any doubt. We definitely need a stricter and more coordinated budgetary discipline, but what we need above all is progress on structural reforms in order to enhance growth potential, within a renewed European Pact.