We have a strategy in Europe that is based on stable prices, sound fiscal policies  BIS central bankers’ speeches  3  and growth and employment-enhancing structural reforms. It will take some time to see the positive effects, but I don’t see any viable alternative.
Cœuré: The high level of unemployment, particularly youth unemployment, shows the urgency of taking forward-looking reforms at the national level and, collectively, at the euro area level. With the crisis, differences between countries are becoming clearer and larger. Is it a challenge for friendship between European nations? Asmussen: We must acknowledge the resurgence of national stereotypes. That is worrying.