Article IV Consultation underlines that the European recession has had a negative impact on its economy, giving rise to … unemployment. The economy has entered its second year of near zero growth. To help restore competitiveness and improve financial … market conditions, decisive actions have been taken. Important decisions in 2012 include pension schemes and unemployment …

that ended with the global financial crisis. Unemployment soared, the fiscal position deteriorated sharply, and funding … the last seven quarters, unemployment has reached high levels, and financing conditions remain tight for small firms. The …

very high unemployment remains a key challenge, as does sustaining fiscal adjustment. Manageable public and private debt as …

rising real wages, bringing GDP growth in 2013 to 4.1 percent. Strong job creation reduced the unemployment rate to 11 …