This means, among other things, combining the income support programmes for workers who lose their jobs with active policies of retraining and occupational reintegration. 3. The outlook  Over the past few months the outlook for growth in the euro area has deteriorated steadily.
From as far away as the United States of America we know the recent financial sector crisis originated from the sub-prime mortgage sector of the banking system. The impact has been felt around the globe and has left, in its wake, major financial institutions on their knees. The developments have affected hitherto remotely related economies and have left lessons for policy makers and bankers.