Context. The recovery is strengthening, underpinned by lower oil prices and the ECB's expanded asset purchase program. But the medium-term outlook remains weak, weighed down by the legacies of insufficient demand, lagging productivity, and weak bank and corporate balance sheets

Stage 1. Assessing the problems and defining the main policy orientations -- Stage 2. Designing a solution-oriented intervention system -- Stage 3. Specifying objectives and matching these with instruments -- Stage 4. Implementing actions and delivering results -- Stage 5. Checking effectiveness...