Fiscal policies, which remain a national matter, must remain committed to the goal of stability and - given the current favourable macroeconomic situation - the consolidation efforts need to be stepped up even further. The other policy fields must steadfastly continue along the path of growth-promoting structural reforms upon which they have embarked.
The existing structural problems on the labour markets differ from one member state to another and can therefore only be solved by each of the member states themselves. In major areas such as structural reforms or wage policy, decentralised decisions are thus necessary. All demands for “more harmonisation” at the European level have to be met with scepticism.