There was a time when I wouldn’t have believed in targets or quotas, but I now see them as a necessary part of the picture. Now, that may seem inconsistent with my earlier view that merit should be the primary factor.
I think the answer is “no”. Therefore, the remedy differs according to the country. In all euro area countries, however, there is significant fiscal space to have a coherent mix of fiscal policy, i.e. make an effort to redress unproductive spending, to steer fiscal policy towards promoting growth, i.e.