While the process will take time, the restoration of adequate credit flows and the renewed functioning of the interbank market remain our firm objectives. 2. Europe’s growth agenda  Let me now turn to the European growth agenda. Strengthening the growth potential of our economies is crucial.
We have a whole range of pending reforms at the national level: the liberalisation of product markets; the removal of bureaucratic impediments to entrepreneurial activity; greater labour market flexibility, which facilitates the re-entry of the unemployed into the job market; and a growth-friendly composition of fiscal adjustment. Let me elaborate a little.