Raising euro area economic performance requires cleaning up bank balance sheets, completing banking union to foster unbiased risk assessment, further structural reforms and strong fiscal policy frameworks.
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Low productivity growth in the EU has deep structural causes. Strengthening human capital, work incentives and competition, and better integrating the Single Market would boost inclusive growth
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The economy has remained weak for longer than many other OECD countries and a hesitant export led recovery is materializing. Developing a more competitive service sector and improving school-to-work transitions would boost economic prospects.
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