euro area. The deflation risk persists and hysteresis effects are likely to have long-lasting negative impacts on potential … output. Monetary policy is stabilizing the euro area but is currently unable on its own to initiate an upswing. An … insufficient. The European fiscal rules provide too little fiscal space for euro countries and should be reformed, for example in …

well as public services and manufacturing industry, for a selection of European countries, the Euro Area and the European …, the development of unit labour costs in the Euro Area as a whole does not comply with the ECB's inflation target. In … Lohnstückkosten nachgegangen. Im Jahr 2014 kostete in Deutschland eine Arbeitsstunde in der Privatwirtschaft 31,9 Euro. Wie im Vorjahr …

, die Kreditvergabe erholt sich etwas und der Euro hat abgewertet. Allerdings ist die Inflation weiterhin deutlich zu …The ECB's expansionary monetary policy has positive effects on the euro area economy. Interest rates have declined … further, bank lending is improving, and the euro is weaker. However, inflation remains much too low and aggregate demand too …

monitorization of the European common market. [...] …