The social partners will play a key role by adhering further to a path of moderate wage increases, in line with price stability, and taking into account both productivity developments and the need to reduce the level of unemployment further. The benefits of such behaviour have already been seen.
Moreover, there is a broad consensus that the larger part of the still high level of unemployment is of a structural nature; this challenge needs to be addressed continuously by policies which remove structural rigidities from the labour markets and which diminish adverse incentives provided by tax, benefit and pension systems.