It emphasises the need to step up the pace of labour market reform to achieve the Lisbon objectives, to fully implement the Internal Market and to enhance competition in product markets as well as to foster capital market integration, entrepreneurship, a knowledge-based economy, and research and development. We fully share the Commission’s assessment that policy inertia and backtracking are widespread.
Against this background, renewed momentum in the process of structural reform will be crucial to foster confidence among consumers and investors.