This means that the form of the fiscal compact cannot simply be replicated in a comparable growth compact. The results of such growth-enhancing measures will not appear for some time. In the meantime, I personally consider it necessary to pursue active labour market policies, to prevent major social tensions. Youth unemployment in the euro area was 22% in March 2012. 4.
How can we develop Europe further? What should be on the agenda? Jacques Delors famously said that Europe is like a bicycle: if it stops moving forward it falls over. But European integration is not an end in itself. It must have a purpose for the citizens of Europe. It must offer them prosperity, security and freedom.