After all, viewed from a macroeconomic perspective, the successful participation in a monetary union implies an anticyclical fiscal policy and an appropriate evolution of wage costs in line with the development of relative productivity. I believe that two other policy points also deserve to be mentioned.
Although, at 9.5%, the unemployment rate is currently higher than the pre-crisis average, it has been declining steadily since 2013 – while the finishing line is undoubtedly still a way off, we are on the right track. But how are economic developments now affecting politics in Europe?