council recommend juli broad guidelin econom polici member state commun ec council european union regard treati establish european commun articl thereof regard recommend commiss regard conclus european council cardiff june resolut recommend commiss adopt european parliament recommend content gt tabl gt gener econom polici guidelin main prioriti strong sustain growth employ launch euro success birth euro januari constitut mileston process european integr culmin unpreced degre econom polit cooper process made essenti contribut stabil prospect prosper union introduct euro bound act power lever integr strengthen union posit world economi time introduct euro emphasis challeng lie ahead econom social condit particip member state profoundli influenc econom develop polici partner member state durabl success econom monetari union demand disciplin polici actor includ social partner function labour product capit market deepen adequ coordin econom polici continu fruit dialogu council ecb institut framework clear mandat individu polici actor enhanc surveil coordin instrument ensur econom polici make european union countri potenti achiev substanti benefit term durabl higher econom growth employ realis potenti assur exploit full resolut coordin manner mutual reinforc effect growth stabil orient macroeconom polici sound structur polici european union nation level kei pursu sound polici approach european union member state make posit contribut solv global econom problem introduct euro complet singl market led creation largest econom entiti world impli global respons commun necess speak voic repres effect issu relev emu union confront twofold engag effect dialogu main trade partner view promot sound econom polici major currenc area contribut exchang rate stabil intern monetari system ii ensur architectur intern financi monetari system adapt globalis financi market promot inter alia enhanc institut arrang intern monetari system improv transpar polici make procedur strengthen financi sector surveil sequenc orderli approach liberalis financi market mechan cooper crisi manag involv privat sector econom employ situat summer previou broad econom polici guidelin adopt recoveri european union economi lost momentum essenti reflect direct indirect impact sharp deterior world econom situat export invest union downsid risk back sound econom fundament improv extern econom environ confid build econom polici econom activ expect regain momentum recent lower interest rate ecb context monetari polici strategi aim price stabil euro area help exploit consider growth potenti euro area pace job creation european union quicken markedli year late european union unemploy rate drop time employ growth expect continu moder pace impli albeit gradual reduct unemploy gt pic file quot en ep quot gt employ rate european union low histor intern compar term achiev significantli higher employ rate lower unemploy rate medium term benefici improv live standard significantli facilit sustain public financ ensur cohes societi european union employ situat mask import differ countri countri made progress structur reform pursu growth stabil orient macroeconom polici achiev greatest improv employ growth perform recent year econom condit favour growth rapid rise product capac provid basi high econom growth high employ rate essenti favour invest condit term high profit low interest rate fulli exploit addit realis tran european transport energi commun infrastructur activ pursu invest infrastructur knowledg skill enhanc acceler develop high technolog high skill servic base sector economi member state commun financi instrument eib continu plai kei role contribut made public privat partnership explor gt pic file quot en ep quot gt polici strategi sustain growth employ european employ pact europ employ challeng kei prioriti econom polici success launch euro function emu set favour framework creat condit high sustain growth employ primarili matter member state requir comprehens coher strategi consist mutual reinforc kei compon sound macroeconom polici conduc growth employ price stabil involv full respect stabil growth pact continu wage develop ii polici improv function labour market improv employ entrepreneurship adapt equal opportun steadfast prompt transpar implement employ guidelin tailor member state condit iii econom reform enhanc effici flexibl good servic capit market reinforc privat sector confid benefit consum favour environment sustain growth path involv close monitor singl market vigor competit polici regulatori reform effici taxat benefit system econom reform impli adjust cost reform agenda attempt reconcil effici equiti consider compon reflect pillar european employ pact gt pic file quot en ep quot gt pursuit strategi essenti achiev sustain inflationari invest support growth medium longer term end nation european level econom polici actor line respect respons contribut sound public financ stabil orient monetari polici wage develop econom reform actor group actor urg maintain fruit macroeconom dialogu retain respect respons preserv independ view realis posit synergi includ greater synergi request vienna european council broad econom polici guidelin employ guidelin context essenti enhanc polici dialogu basi mutual trust nation european level emphasi improv effect polici coordin council reinforc dialogu commiss council ecb social partner effect dialogu process suitabl structur base comprehens inform basi european employ pact defin process polici actor enter dialogu view achiev union central econom social object high employ framework strong sustain medium term growth process gt pic file quot en ep quot gt treati articl broad econom polici guidelin corner stone coordin econom po ici broad econom polici guidelin consist gener guidelin countri specif guidelin equal valid gener guidelin applic member state requir direct econom polici broader frame countri specif guidelin seek identifi econom polici prioriti member state take account circumst note context member state revis nation action plan employ account employ guidelin countri specif guidelin labour market issu concern complement employ guidelin underpin implement revis nation action plan final basi broad econom polici guidelin econom situat outlook member state union outlin commiss servic spring econom forecast substanti unfold econom develop profoundli alter strategi articul guidelin requir adjust polici set growth stabil orient macroeconom polici macroeconom polici mix euro area polici mix conduc growth employ stabil euro area consist element sustain effort bring budget secur close balanc surplu medium term full determin implement member state stabil programm section ii monetari polici aim maintain price stabil accord treati iii continu respons behaviour part social partner support wage develop consist price stabil job creation section iv commit member state press ahead front load coher comprehens econom reform view enhanc adapt effici product capit labour market section gt pic file quot en ep quot gt light prevail econom condit characteris consider slack product labour market member state concret action govern social partner contribut continu low inflationari pressur make easier monetari polici pursu primari object maintain price stabil prejudic contribut environ support gener econom polici commun implement econom polici adequ present context kei test euro area gt pic file quot en ep quot gt framework effect coordin establish notabl creat euro group experi procedur gain context full respect provis stabil growth pact econom budgetari situat period examin view assess polici mix euro area overcom current difficult environ essenti establish open dialogu involv polici actor includ european social partner notabl framework european employ pact view exchang inform standpoint polici issu creat climat mutual trust abil polici actor deliv respect commit macroeconom dialogu process kei element european employ pact contribut smooth interact macroeconom polici macroeconom polici mix member state euro area member state particip euro area subject macroeconom polici challeng euro area member state retain nation respons monetari exchang rate polici subject provis stabil growth pact euro area member state maintain stabil orient macroeconom polici basi sustain growth employ creation addit monetari budgetari polici conduct maintain foster price stabil sustain govern financi posit prepar countri adopt euro member state currenc particip erm main focu maintain sound monetari budgetari polici order respect exchang rate commit member state pursu direct inflat target import conduct monetari fiscal polici consist achiev target creat condit exchang rate stabil end euro area member state continu rigor implement converg programm sound effici public financ visibl progress reduc gener govern budget deficit made budgetari consolid gener modest econom activ gener expand strong pace budgetari posit member state line medium term object stabil growth pact gt pic file quot en ep quot gt budgetari consolid need creat scope face advers cyclic develop addit member state strive reduc vulner budget rise interest rate make govern spend taxat conduc growth employ creation prepar longer term budgetari challeng ag popul framework stabil growth pact member state submit stabil programm converg programm set medium term object budgetari posit close balanc surplu adjust path object month council examin programm deliv opinion programm conduct budgetari polici member state urg achiev budgetari posit close balanc surplu end conform stabil converg programm ii expect mild temporari slowdown meet fulli budgetari target iii provid econom outlook unfold expect stabil converg programm front load budgetari adjust effort envisag programm year programm target minimum adjust aspir ambiti object updat stabil converg progamm gener govern net lend borrow gdp stabil converg programm projectionssourc commiss servic gt tabl gt gt tabl gt budgetari adjust restructur place effici account particular member state econom social institut condit gener threaten ongo consolid process member state urg improv budgetari posit expenditur restraint tax increas context enhanc credibl budgetari consolid influenc privat sector expect posit member state advis introduc enhanc mechan institut control spend tax cut jeopardis achiev mainten healthi budgetari posit ii improv sustainabiliati effcienc public financ review pension health care system order cope financi burden welfar spend ag popul influenc futur labour suppli line option examin member state revers declin govern invest context union member state guid commiss point action plan submit vienna european council give incent invest human capit provid financ activ labour market polici call employ guidelin take account nation budgetari posit reduc tax burden tax wedg lower paid prefer reduc spend shift environment energi consumpt tax increas employ effect reduct fiscal burden labour wage labour cost social partner urg level respons action commit action aim improv condit job creation invest improv effici taxat system pursu tax coordin ensur smooth function singl market avoid harm tax competit council await outcom ongo discuss vat system tax energi taxat corpor incom taxat interest save line conclus european council held vienna decemb member state commun call continu maintain strict budgetari disciplin strict budgetari disciplin appli categori financi perspect respect inter institut agreement budget disciplin improv budget procedur wage develop underlin amsterdam resolut growth employ social partner respons nation region sector decentralis level respect tradit reconcil high employ wage settlement set suitabl institut framework wage format process support public author emu singl monetari regim link wage employ appar strict gt pic file quot en ep quot gt wage cost develop member state allow reflect econom employ situat govern creat framework condit facilit negoti social partner wage develop contribut employ friendli polici mix social partner continu pursu respons conclud wage agreement member state line gener principl set previou broad econom polici guidelin nomin wage increas member state consist price stabil euro area aggreg wage increas consist keep price increas price stabil object ecb ii real wage increas relat labour product growth account strengthen subsequ maintain profit capac enhanc employ creat invest impli countri labour product growth slow scope real wage increas reduc specif reduct work time lead increas real unit labour cost improv profit result higher invest commun essenti forg invest support environ term demand develop labour market condit taxat regulatori framework iii order improv employ wage agreement account differenti product level qualif skill geograph area iv euro area crucial import avoid converg nomin real wage countri region advanc product wage imit effect avoid labour cost differ member state continu reflect discrep labour product achiev result effect dialogu level essenti outcom jointli assess growth employ point view comprehens coordin econom reform structur reform kei role plai stimul econom growth improv product enhanc privat sector confid foster employ european union structur reform enhanc abil deal globalis environment problem technolog chang essenti success econom monetari union function market increas growth potenti european economi econom reform requir increas employ lower substanti level structur unemploy europ fact monetari polici gear maintain price stabil euro area underscor ensur product labour market flexibl respond smoothli countri specif econom develop open market competit nation level european union level lower price consum effici product entri firm market facilit innov transmiss technolog increas level output employ whilst reform implement european union lack comprehens progress remain uneven polici field member state gener progress satisfactori good capit market remain servic includ financi servic labour market member state carri transpar manner employ guidelin cardiff process econom reform increas competit speed regulatori reform improv work singl market import reform exist mechan structur peopl job potenti entrepreneur enabl access labour product market open competit intern market import driver growth prosper stabil commun commun seek trade liberalis accord conclus european council vienna gt pic file quot en ep quot gt effici product good servic market singl market programm european union product market integr function price differ member state european union unit state america suggest scope improv regulatori reform cornerston effort improv function product market regulatori reform consist improv qualiti regul involv deregul attain goal member state urg undertak measur singl market competit polici strictli appli close monitor effect enforc singl market ensur area public procur technic standard renew commit public author purpos continu work resolv issu aris connect limit parallel trade lead higher price pursu ii state aid commiss control strictli member state exercis rigor disciplin iii regulatori reform pursu speed telecommun transport energi view increas competit servic provid benefit term lower price higher qualiti result liberalis process transmit delai consum industri user due increas competit support initi inform societi electron commerc regulatori reform bring invest opportun job iv qualiti legal regulatori environ improv progress made sme procedur administr delai busi start up reduc sens member state set target deadlin reduct regul aim consum protect improv enforc vat revis simplifi order ensur adapt singl market vi progress made avoid harm tax competit line conclus european council vienna vii member state put emphasi environment dimens econom polici promot environment friendli technolog market base instrument contribut sustain develop sound environment po ici bring benefit term higher growth employ integr deeper capit market substanti progress differ nation regulatori environ fiscal regim continu fragment european union capit market offer prospect larg sing capit market introduct euro creat incent increas transpar remov remain barrier deeper function risk capit market facilit expans small medium size enterpris sme easier access fund rais stock market develop ventur capit promot research develop amp innov lead stronger growth economi job member state urg coordin effort reduc differ nation regul tax regim preserv consist prudenti fiscal nation requir ii ensur addit host countri requir appli financi servic offer retail custom profession impli pursuit polici distinguish retail consum oper act profession capac iii ensur exist nation quot gener good quot rule aim ensur consum protect promot cross border busi appli transpar proportion manner call commiss commun quot financi servic build framework action quot iv promot risk take innov europ respect follow quickli risk capit action plan facilit access risk capit sme capit amp enterpris function labour market function labour market european union improv significantli make major contribut reduct high unemploy problem differ consider member state region member state categori labour differ suggest number lesson differ member state countri made progress structur reform pursu sound macroeconom polici improv employ situat ii differ region unemploy countri highlight countri account product differ qualif skill geograph area collect bargain enhanc labour mobil iii high incid unemploy categori labour low skill women youth reflect labour suppli behaviour recruit pattern includ de facto discrimin high cost labour categori unskil worker inadequaci skill gt pic file quot en ep quot gt tackl problem integr pillar strategi set employ guidelin fulli implement prompt transpar manner member state give attent polici act demand suppli labour appli prevent approach employ guidelin reduc gender gap includ rais employ individu mean access labour market train educ lifelong learn lower tax low paid worker assess durat elig criteria benefit system combin activ polici reintegr unemploi accord vienna european council conclus nation action plan employ includ concret nation target deadlin ii review adapt tax benefit system ensur activ support employ job creation portabl pension entitl improv extent order sustain labour mobil sector region european union achiev balanc econom effici social inclus transfer unemploi expens passiv system avoid iii social partner encourag modernis organis work includ flexibl annualis work time arrang reduct work time prevent increas unit labour cost futur term increas labour suppli account effort increas women particip work life encourag combin career famili life pursu ii countri specif econom polici guidelin belgium econom growth deceler belgium trend rate suffici bring gradual declin unemploy budgetari polici budgetari polici focu risk slippag budget target primari surplu gdp offset time correct measur enabl target gdp total deficit met real primari expenditur current subsequ year monitor close order ensur annual growth rate remain complianc primari surplu target gdp stabil programm annual increas real primari expenditur futur year primari surplu maintain gdp total govern deficit reduc plan belgian stabil programm secur continu rapid reduct gener govern debt ratio belgian institut framework desir renew quot cooper quot agreement sign feder govern region commun view ensur coordin budgetari polici period cover stabil programm product capit market belgium author import step liberalis product capit market promot competit effort need specif area steadi improv novemb belgium record implement singl market direct improv area telecommun transport liberalis network industri telecommun post energi transport gener keep pace requir commun legisl open market entail lower price busi consum labour market belgian labour market characteris persist high long term unemploy low employ rate labour market polici overemphasis import incom mainten measur trend activ polici reinforc nation action plan employ consequ reform focu area activ unemploi pursu focu low skill youngster unemploi adult order creat incent particip activ measur job offer activ polici measur combin review benefit durat closer scrutini avail unemploi employ protect legisl belgium consid strict white collar worker consider matter flexibl employ protect legisl improv belgian labour market perform substanti differ region unemploy desir facilit open claus wage negoti reflect local labour market condit financi situat enterpris denmark slow econom growth denmark trend rate econom activ close capac limit respons counter cyclic budgetari measur central govern level unemploy stabilis low level budgetari polici budgetari polici focu implement budgetari polici seek maintain strong govern surplu line plan surplu gdp strict adher expenditur target level local govern medium term reduct distort tax system includ quot whitsun packag quot maintain allow produc result product capit market danish author significantli advanc structur reform number market nonetheless effort need specif area competit problem high price high concentr ratio high margin low degre foreign penetr notic sector call strengthen vigor applic exist regul danish public sector compar larg author effort increas effici introduc competit tender provis public servic signific progress achiev deregul network industri recent agre reform electr sector aim liberalis implement delai liberalis shop open hour led increas employ review labour market denmark high employ rate low unemploy rate countri part group member state implement comprehens structur reform labour market produc clear posit result reform focu area larg part activ popul benefit increas labour suppli import recent reform includ reform earli retir scheme fulli implement close monitor view evalu incent remain job suffici latest tax reform aim inter alia reduc tax burden low incom increas incent evalu view reinforc tax wedg labour high leav scheme reconsid light increas labour suppli germani slowdown germani appear pronounc member state gener greater exposur weaker world trade specif domest influenc substanti process structur adapt german länder construct industri carri risk interrupt declin unemploy budgetari polici budgetari polici focu implement budgetari polici respect target govern deficit gdp tight control expenditur strengthen economi stronger envisag germani stabil programm make faster progress medium term object deficit set programm guid principl plan tax reform cut tax rate simultan widen tax base order maximis posit impact reform result effect simplif tax code product capit market evid function german product market improv effort need specif area novemb germani made signific progress complet legisl work implement singl market public procur progress made past level state aid increas due reunif decreas process continu sector aid signific progress achiev liberalis network industri lead lower price similar effort consid servic includ open hour retail distribut review liberalis busi registr procedur creat sme simplifi acceler acceler labour market german labour market characteris weak job creation past year unemploy rate east high west activ labour market polici tradition focus promot vocat prevoc train job creation scheme structur adjust measur rehabilit measur role public employ servic strengthen nation action plan employ focus employ develop success dual apprenticeship system action disadvantag youth consequ reform focu area emphasi put activ labour market measur supplement review benefit assist scheme order ensur group suffici incent exist particip job train take job offer govern decis lower wage labour cost financ increas energi tax incom tax low paid worker welcom move continu order reduc labour cost lowest end wage scale respect fiscal consolid assess employ legisl sme view impact job creation greec econom growth greec strong recent year slowdown modest unemploy expect declin gradual budgetari polici budgetari polici focu target set budget govern deficit gdp achiev propos restructur govern expenditur favour invest effect implement budget aim declin deficit help reduct primari current expenditur ratio gdp order contribut lower inflat expect clear bind norm secur expenditur control continu respect parallel greek author line tax law adopt recent past pursu effort increas effici tax system combat tax avoid evas public sector reform vigour restructur privatis public compani implement schedul privatis receipt contribut rapid reduct gener govern debt ratio product capit market greec striven liberalis economi year nonetheless effort reinforc specif area greek author improv transposit record implement singl market legisl wors averag public procur improv product strategi restructur manag state own enterpris accompani sustain effort privatis creation firm encourag reduc administr burden regist compani stimul entrepreneurship ideal accompani strategi develop ventur capit market greek sme find rais financ difficult plan enlarg stock market small dynam compani start trade signific step strategi greek sme rais financ recent measur stimul busi amp expenditur low level encourag measur similar line envisag labour market greek labour market characteris low employ rate stagnat unemploy high long term unemploy reform labour market aim enhanc flexibl enter forc year law introduc type work contract flexibl work hour privat employ offic nation action plan employ implement report point establish gener employ strategi tackl problem effort made address kei problem affect young peopl women high unemploy rate consequ reform focu area prevent approach labour market polici reinforc effort reform train educ system view take account product system pursu type part time contract flexibl work hour encourag spain spanish economi high trend growth expect lower rate previou year substanti declin high level unemploy anticip budgetari polici budgetari polici focu implement budgetari polici ensur target govern deficit gdp met tighten primari current expenditur take advantag expect result potenti larger save interest payment budget reaffirm target strategi outlin stabil programm deficit gdp base contain primari current expenditur room strengthen govern invest catch spain evid overh emerg tighter fiscal stanc adopt control govern expenditur enforc plan reform nation budget law increas role territori govern field expenditur exist intern stabil pact region state monitor close respect fulli product capit market recent period spain made endeavour improv function product market nonetheless effort need specif area progress transpos singl market legisl improv transport larg part agricultur state aid take form sector specif aid aid reduc regulatori reform deregul telecommun electr ga air transport similar effort made retail distribut administr burden face spanish compani high term number procedur delai compani registr measur rectifi situat law promot industri innov prepar spanish govern stimul industri innov present low share amp expenditur privatis deregul signific permit increas effici good servic market competit polici reinforc order guarante benefit process fulli transmit consum labour market unemploy rate decreas percentag point reach spain difficult start point member state high rate youth long term femal unemploy spanish labour market suffer low employ rate low rate femal particip low rate part time work nation action plan employ repres signific move activ prevent law recent introduc enhanc attract part time work employ employe decentralis manag model nation employ institut improv employ negoti structur creat activ involv social partner definit implement employ polici consequ reform focu area high level long term youth unemploy call shift passiv activ labour market polici emphasi invest train educ increas human capit adapt nation action plan employ effort line recent person incom tax reform reduc tax wedg combin reform pension system aim discourag earli retir provid addit incent suppli side labour market help ensur sustain social protect spain recent agreement social partner reduc cost dismiss reinforc order diminish rel weight temporari contract enhanc part time work introduc flexibl labour market strike region differ unemploy rate social partner review wage format system view adapt wage develop product differenti geograph sector compani level franc econom growth franc deceler trend rate rapid declin unemploy expect budgetari polici budgetari polici focu implement budgetari polici respect target govern deficit gdp requir french govern respect expenditur target set govern expenditur subsequ year strictli control slippag promptli correct social secur spend close monitor govern rapidli announc measur ensur durabl complianc expenditur ceil establish stabil programm expect strengthen econom activ make progress medium term object deficit project favour scenario franc stabil programm product capit market french author made effort deregul promot competit product capit market nonetheless effort need specif area steadi improv novemb franc record implement singl market direct improv telecommun larg proport agricultur state aid devot recent year rescu restructur number firm face except difficulti reduc french author recommend report french econom reform increas emphasi gener measur improv firm abil adapt innov liberalis network industri telecommun post electr ga transport gener keep pace requir commun legisl faster progress made energi sector measur simplifi formal encourag innov close monitor effort made area continu labour market employ rate low worker ag unemploy rate includ youth unemploy higher european union averag recent reform improv employ content growth mean good combin activ prevent measur nation action plan employ address prevent youth unemploy integr long term unemploi import programm job creation emerg commun servic initi life long learn discuss consequ reform focu area increas emphasi activ labour market polici nation action plan employ back review unemploy benefit scheme job avail requir employ protect legisl review aim remov impedi job encourag particip activ labour market measur enhanc incent creat job provid budgetari room creat recent polici tax cut lower end wage scale promot job servic area continu promin reform french labour market gradual introduct hour work week bulk implement remain special attent paid avoid increas cost labour introduct flexibl work organis work time annualis work time ireland rapid growth irish economi expect continu albeit strongli previou year unemploy declin signific pace budgetari polici budgetari polici focu public financ strong surplu main challeng budgetari polici ensur stabil evid wage inflat continu gather pace readi budgetari polici appropri restrain economi growth govern consumpt steadili restrain estim volum increas outlin stabil progamm product capit market reform product capit market kei element govern econom strategi nonetheless effort need specif area ireland acceler reduct transposit deficit singl market legisl transport competit author power enforc directli articl cartel abus domin posit ec treati liberalis regulatori reform irish network industri gener progress made european union legisl telecommun electr ga suppli domest intern transport domin state own compani telecom eireann partial privatis year similar initi promot competit sector consid ventur capit ireland modest handicap irish sme start phase improv made ventur capit market effort direct continu amp expenditur low view measur continu creat incent encourag ventur capit local amp govern continu particip particip fulli improv ireland amp perform labour market ireland made substanti progress increas employ rate reduc unemploy rate halv year nation action plan employ place emphasi employ reli strongli activ polici address problem long term unemploy specif prevent measur involv young unemploi older worker clear commit made rais particip level long term unemploi train reflect measur recent strong growth ireland unemploy rate european union averag late employ rate approach european union averag long term unemploy fallen faster unemploy continu declin effort requir reintegr long term unemploi low educ qualif consequ reform focu area nation action plan employ place greater emphasi balanc approach involv prevent activ measur measur increas particip rate long term unemploi low skill educ train programm remain import line fourth nation econom programm partnership adher social pact plai import role further wage moder mainten employ growth set minimum wage import address issu social inclus poverti potenti neg effect set minimum wage level high avoid itali econom growth itali continu subdu domest extern demand lack strength signific declin unemploy budgetari polici budgetari polici focu gdp growth expect foreseen budget implement budgetari polici aim limit slippag target total deficit gdp event stai case reach object gdp requir addit correct measur larger scale envisag budget aim establish primari surplu gdp itali stabil programm ensur continu rapid declin gener govern debt ratio momentum privatis programm maintain privatis receipt reduc public indebted govern current primari expenditur current subsequ year tightli control order respect programm target room desir expans govern invest target stabilis pension expenditur percentag gdp current futur develop pension expenditur give reason concern italian govern encourag reassess reform pension system product capit market past year wit continu progress itali macroeconom adjust structur reform aim promot competit enhanc effici effort need specif area itali made recent progress transposit singl market legisl past record transposit poor measur rectifi situat area transport public procur effort made reduc level agricultur state aid improv structur liberalis network industri gener progress line requir commun legisl transport liberalis intensifi road rail transport recent reform set stage signific reduct time regist compani measur close monitor reinforc order cut radic high number procedur long time span establish busi labour market italian labour market characteris low employ rate high unemploy rate high rate youth long term unemploy sever imbal north south recent adopt tailor made approach vi vi newli unemploi show effort made prevent drift long term unemploy tighten elig criteria unemploy benefit scheme target employ measur improv current situat consequ reform focu area effort improv activ labour market measur substanti increas addit recent measur job search assist train apprenticeship effort shift tax burden labour tax base undertaken italian tax reform introduct irap recent confirm call carbon tax implement budget continu pursu intens process fiscal consolid effort combin reform benefit scheme reduc number emploi transfer pension scheme compromis budgetari target earli activ adequ unemploy benefit ensur increas labour suppli greater labour mobil review employ protect legisl posit result tripartit local agreement south introduc wage flexibl line lower labour product encourag luxembourg econom activ luxembourg expand robustli rapidli unemploy stai low level budgetari polici budgetari polici focu govern expenditur monitor close high govern surplu reli rapid increas tax receipt link strong econom growth structur reform social secur system continu order contribut mainten sound public financ prepar challeng popul ag product capit market sector undergo structur reform luxembourg effort need specif area recent effort catch luxembourg rel slow implement singl market regul implement step area telecommun transport luxembourg region aid account larg part agricultur state aid high percentag prosper countri evalu necess effect aid price level luxembourg moder construct sector countri maintain extens system price regul uniqu european union purpos system reduc pressur wage level index rate inflat order allevi administr burden firm abolit price regul system consid emphasi shift activ competit polici labour market perform luxembourg labour market european union low unemploy rate coexist high employ growth rate achiev due larg share cross border commut count employe luxembourg labour market perform weak regard low employ rate women older worker consequ reform focu area nation action plan employ envisag measur remedi situat inter alia job train firm creation addit childcar facil reduc risk overh rapid wage increas fast grow economi netherland year rapid expans dutch economi expect slow trend rate low unemploy fall budgetari polici budgetari polici focu deterior budgetari posit limit lead gener govern deficit exceed budget target gdp take advantag expect result increas expenditur plan budget reconsid limit plan reduct deficit gdp context cautiou scenario dutch stabil programm case consid minimum object dutch govern encourag achiev budgetari result product capit market netherland good countri import product market reform root problem area remain trade sector construct servic competit weak context effort need specif area netherland gener good record transpos singl market direct transposit deficit concentr small number sector transport view enhanc competit transposit step import reform made competit polici effici assess includ innov dutch quot competit deregul legisl qualiti project quot quot mdw operati quot launch central quot mdw operati quot intensif competit remov regulatori obstacl obstacl continu hinder busi start up spite import measur reduc administr cost number step need set busi implement measur strictli liberalis public transport sector advanc reform area speed retail sector shop open hour extend spatial plan regul continu constraint review labour market due comprehens structur reform sustain econom growth dutch labour market perform european union term employ increas unemploy reduct share long term unemploy total unemploy high personalis integr plan effect tool prevent youth long term unemploy dutch perform youth unemploy good partli result lower minimum wage younger worker govern continu effort reduc tax low wage reduc share work ag popul depend benefit deserv recognis larg number person disabl benefit social partner interest unemploi outsid great extent account privatis sick benefit system help reduc sick relat absenc work consequ reform focu area tax burden averag wage remain highest european union continu effort need reduc tax burden labour lower end labour market effort requir ensur suffici incent benefit assist scheme encourag job offer increas effect labour suppli older worker austria austria experi slowdown econom growth trend rate allow low unemploy rate remain broadli stabl budgetari polici budgetari polici focu tight control govern expenditur need order ensur recent adapt famili taxat lead build pressur budget target gdp govern deficit met year austrian govern utmost overachiev past budgetari target set stabil programm ensur gener govern debt ratio firmli downward path net tax relief provid recent adopt tax reform welcom signific save expenditur side order compromis object reduct deficit onward product capit market measur promot competit entrepreneurship austria effort need specif area austria acceler transposit singl market direct domest law transport public procur austrian cartel law date line commun law govern intend reform present law creat independ cartel offic reform put place effort continu reform public servic deregul process util acceler acknowledg recent liberalis shop open hour step consid recent austrian initi simplifi procedur start busi develop quot stop shop quot continu expand includ registr procedur measur develop ventur capit market govern invit meet object increas amp expenditur gdp inter alia improv tax allow labour market kei element high employ low unemploy rate austria tradit consensu approach social partner help smooth effect busi cycl labour market adjust post wage agreement turn harm growth weak low activ rate rise unemploy older worker consequ reform focu area nation action plan employ repres move activ labour market approach support substanti increas budgetari resourc nation action plan make clear target met difficulti retain older worker activ suggest reconsid revis framework improv work incent modernis organis work review earli retir condit special emphasi paid low wage low skill worker share unemploi recent start rise recent reform encourag part time work increas work time flexibl year annualis work time support success labour market perform austria rel european union countri portug econom growth portug expect slow remain close trend rate declin unemploy budgetari polici budgetari polici focu implement budgetari polici ensur target govern deficit gdp fulli met opportun present favour econom growth condit budgetari outcom bring deficit lower interest payment improv deficit budget execut pai close attent primari current expenditur health expenditur govern wage bill order gener effici perman budgetari consolid evid overh emerg tight fiscal stanc adopt structur reform direct impact budget outlin stabil programm standardis account system multiannu program current expenditur swiftli implement achiev budgetari control improv expenditur effici intens introduct privat public partnership health care system appli case portug review elig criteria pension cope demograph trend significantli increas tax burden labour product capit market develop econom integr help improv function product market portug effort need specif area portug slow implement singl market regul measur rectifi situat area public procur telecommun transport level agricultur state aid low signific part aid devot restructur sector specif measur effort made reduc share aid anti trust legisl review aim bring line european union legisl reform competit law implement liberalis network industri gener progress line requir commun legisl pursu retail distribut problem excess concentr identifi competit law strengthen deal abus law restrict licens larg retail outlet solut administr requir creat busi complex long time portugues govern develop nation network enterpris formal centr creat multipurpos administr servic centr quot loja cidadao quot strengthen strategi simplifi speed procedur effort made develop ventur capit market improv innov activ labour market unemploy rate european union averag long term unemploy unemploy unskil high situat ongo restructur portugues economi nation action plan employ envisag enhanc educ train improv coordin system consequ reform focu area measur improv educ train accompani adequ benefit system ensur incent particip activ measur job offer number law aim improv perform labour market implement past year includ eas dismiss job assign rule introduct higher work time flexibl polici pursu view enhanc labour market flexibl finland year rapid growth finnish economi expect expand slowli progress reduc unemploy expect budgetari polici budgetari polici focu take account impact econom cycl govern surplu improv cope rapidli ag popul pressur impos social secur account prioriti reduct central govern deficit unbalanc posit reduc central govern debt ratio fiscal consolid base reduct govern expenditur percentag gdp creat room need reduct high tax burden aim support job creation stabil programm set annual ceil central govern expenditur ceil year bind firmli respect budget law year product capit market progress structur reform import finland competit problem persist shelter sector effort need specif area signific reform extend power competit author carri recent nation author power enforc articl cartel abus domin posit ec treati finnish public sector compar larg area public privat enterpris compet provid servic close monitor effort made creat competit environ area continu labour market employ unemploy rate higher european union averag labour forc particip rate older worker low nation action plan employ combin prevent cur action contribut reduct stock unemploi increas employ rate govern awar incent problem taxbenefit system step improv current situat measur success extent consequ reform focu area order improv employ content growth measur direct reduct tax burden labour benefit assist system review aim increas job avail make job search effect ensur suffici incent job offer impact ag futur labour suppli pension system strengthen review condit access earli retir sweden econom growth sweden slowdown gradual declin unemploy expect budgetari polici budgetari polici focu govern adher announc polici expect achiev govern budgetari target rise govern surplu govern ensur mainten tight expenditur control budgetari outlook heavili reliant high burden taxat sweden govern seek wai reduc burden ensur achiev budgetari target product capit market sweden good record reform good capit market effort need specif area competit problem high price high concentr ratio retail wholesal distribut construct sector measur improv situat swedish competit author power enforc articl cartel abus domin posit ec treati swedish public sector compar larg author effort improv effici sweden member state undertaken comprehens reform util liberalis union spite effort ensur equal supplier effort ensur domin firm constitut potenti threat market effici measur increas competit promot entri sector envisag regul limit establish groceri store reduc competit retail distribut labour market total employ fall result weaken econom activ show recoveri remain highest employ rate european union employ women concentr limit number sector health social servic sweden stand european union averag fema part time employ rate unemploy rate european union averag swedish labour market polici rightli put emphasi invest human capit employ train skill develop workplac emphasis activ labour market measur prove effect circumst high unemploy consequ reform focu area govern plan promot job creation privat firm reduc number peopl labour market programm focus programm precis increas share peopl labour market train disincent stem high tax burden labour low medium wage combin gener welfar benefit govern aim budgetari room manoeuvr reduc tax labour prioriti low medium paid worker review benefit assist scheme order clarifi elig criteria introduc gradual rise demand unemploi strengthen supervis administr ensur effici incent job offer strengthen balanc effort taxat activ scheme unit kingdom econom growth unit kingdom lower fall trend budgetari polici budgetari polici focu announc expenditur plan strictli adher govern fiscal rule averag cycl borrow invest financ current expenditur keep net public debt ratio stabl prudent level respect consequ medium term object public financ broadli balanc achiev project budget govern correct action promptli evid deterior govern balanc explain econom cycl product capit market unit kingdom undertaken consider reform product market nonetheless area weak competit remain result effort need specif area unit kingdom good record transpos singl market legisl progress made recent period effort area transport area competit polici legisl strengthen power offic fair trade enforc reform strictli appli growth small busi larger firm innov amp expenditur amp sme weak unit kingdom unit kingdom highli develop ventur capit market small share fund earli stage busi govern adjust tax structur favour sme alter law insolv bankruptci redress situat labour market labour market reform pursu recent year contribut improv employ unemploy perform unit kingdom unit kingdom employ rate highest european union unemploy rate fell deal welfar work initi lead improv perform young adult long term unemploi group start address invest educ skill consequ reform focu area emphasi nation action plan employ activ labour market polici accompani continu effort lower margin effect tax rate low paid worker effort plan recent put place deal region unemploy differ address issu social inclus context full implement initi relat employ local level promot afford child care prove help remain action line programm need brussel juli council presid niinistö