It’s why we are supporting the efforts being made by all the European governments to embark on structural reforms. Structural reforms…what does that mean? To put this quite simply, it means making the economy more flexible and more competitive.
A flexible economy is an economy which constantly adapts, one which is capable of taking advantage of technological progress, of the opportunities offered by the changes taking place in the global economy. The economies which are more flexible have more growth and more jobs for themselves and their children. In Europe today, it’s the more flexible economies which have achieved full employment.