For example, firms owned by blacks tend to be smaller (whether measured by assets, sales, or employment), newer, and more likely to be located in an urban area than their nonminority counterparts. Black-owned businesses also tend to be owned by younger individuals with fewer years of experience and poorer credit histories.
In particular, it is essential to improve the incentives for national authorities to pursue policies, particularly in good times, that support the sustainability of public finances, and to ensure that economic surveillance results in effective policy actions that prevent budgetary risks and address structural problems to promote the competitiveness of the European economies.