The future of EMU governance Finally, let me turn to the governance of Economic and Monetary Union. In the short run, our overarching focus should be on the full and consistent implementation of the existing fiscal and macroeconomic surveillance framework.
Another sign of strength is the labor market, which has created 2 million jobs in the first four months of 2022 at a remarkably steady pace that is down only slightly from the 562,000 a month last year.