IN THE REDUCTION OF DEFICITS WHERE THESE HAVE BEEN BROUGHT SOUNDLY UNDER CONTROL TO PERMIT REDUCED TAX BURDENS ;
6 . AN INTRODUCTION OF MONETARY POLICIES CONSISTENT WITH INCREASING GROWTH AND LOW OR DECLINING INFLATION , AND SUPPORTING CONVERGENCE AND STABILITY WITHIN THE EUROPEAN MONETARY SYSTEM ;
FOR EXPANSION AND COMPETITIVITY OF THE ENTERPRISE SECTOR
7 . RAPID PROGRESS IN OPENING UP THE INTERNAL COMMUNITY MARKET FOR GOODS , SERVICES , CAPITAL AND THE PROFESSIONS , AND ASSURING EASY MOVEMENT ACROSS FRONTIERS ;
8 . REVIEWS OF REGULATORY POLICIES AFFECTING THE BUSINESS SECTOR , WITH A VIEW TO FACILITATING THE CREATION OF NEW ENTERPRISES AND THE SPEEDING UP OF ADMINISTRATIVE PROCEDURES ;
9 . A WIDESPREAD MOBILIZATION OF NATIONAL AND COMMUNITY POLICIES TO CATCH UP OR MAINTAIN LEADERSHIP IN ADVANCED INDUSTRIAL TECHNOLOGIES ;
10 . A MEDIUM-TERM PROGRAMME FOR IMPROVING TRANSPORT INFRASTRUCTURE AT THE EUROPEAN LEVEL ;
FOR THE EXPANSION OF EMPLOYMENT
11 . STRICT MODERATION IN THE DEVELOPMENT OF REAL WAGES , CONSISTENT WITH THE OBJECTIVE OF ACHIEVING A PAUSE IN THE GROWTH OR EVEN A REDUCTION IN TOTAL REAL LABOUR COSTS , WHICH WITH LOWER TAXES AND LIGHTER BURDENS OF EMPLOYMENT REGULATION , WOULD MEAN A COST STRUCTURE OF FIRMS THAT WOULD BE MORE CONDUCIVE TO EMPLOYMENT EXPANSION ;
12 . RE-EXAMINATION OF LABOUR MARKET REGULATIONS AND CONVENTIONS TO INCREASE THE SHORT - AND LONG-RUN PROPENSITY OF THE ECONOMY TO CREATE JOBS ;
13 . GREATER FLEXIBILITY IN WORKING TIME TO HELP ACHIEVE A BETTER MATCHING OF LABOUR SUPPLY AND DEMAND ;
14 . IMPLEMENTATION OF THE COUNCIL RESOLUTION TO PROVIDE ALL SCHOOL-LEAVERS WITH VOCATIONAL TRAINING OR EMPLOYMENT , AND FURTHER LOCAL EMPLOYMENT INITIATIVES TO BRING USEFUL ACTIVITY TO DISADVANTAGED GROUPS ;
FOR A MORE STABLE INTERNATIONAL ECONOMY
15 . PREPAREDNESS TO DEVELOP COOPERATIVE ACTION WITH THE UNITED STATES AND JAPAN TO SECURE A SMOOTH CORRECTION OF THE MAJOR IMBALANCES AMONG THE INDUSTRIALIZED COUNTRIES , AND TO SUSTAIN AN ADEQUATE OVERALL GROWTH IN WORLD TRADE IN THE PERIOD AHEAD WHEN THE UNITED STATES' CONTRIBUTION WILL HAVE TO BE LESS ;
16 . SUPPORT FOR MEASURES TO STRENGTHEN THE INTERNATIONAL MONETARY AND TRADE SYSTEM , AND TO MANAGE THE DEBT PROBLEM SUCCESSFULLY .
THESE GUIDELINES ARE OF COURSE IN MANY CASES NOT ORIGINAL . THE ESSENTIAL POINT IS RATHER TO ACCELERATE AND INTENSIFY THE IMPLEMENTATION OF THIS SET OF POLICY GUIDELINES . THEY HAVE TO BE CONSIDERED AS A PACKAGE . IT IS NOT POSSIBLE , FOR EXAMPLE , FOR ELEMENTS OF POLICY ON LABOUR COSTS OR MICROECONOMIC POLICIES TO BE TAKEN WITHOUT AN ADEQUATE MACROECONOMIC DEMAND POLICY , NOR VICE VERSA . WITHIN EACH COUNTRY , IT IS NECESSARY FOR ALL ELEMENTS OF MACROECONOMIC AND STRUCTURAL POLICIES TO ADVANCE IN A MUTUALLY REINFORCING DIRECTION . ACROSS THE EUROPEAN COMMUNITY , IT IS SIMILARLY NECESSARY FOR THE ACTIONS OF THE MEMBER STATES AND OF THE COMMUNITY ITSELF TO JOIN TOGETHER IN FORMING A COMBINED DRIVE FOR A FUNDAMENTALLY IMPROVED ECONOMIC PERFORMANCE .
PART II
ECONOMIC POLICY IN THE MEMBER