Brussels, 06-07 June 2006
ETUC resolution on monetary policy, economic recovery, wage and labour market flexibility in the euro area
1. Background. The euro area is finding itself in a challenging economic and social situation:
- While business confidence indicators have shown improvement over recent months, the consensus amongst economic forecasters (IMF, Commission, OECD) is that growth will weaken again in 2007 and will remain too modest.