In parallel with the role of ERTEs, it is important to ensure the proper functioning of the different labour flexibility mechanisms available to firms, whose function is particularly useful in these circumstances for efficiently accomplishing the adjustments arising from the crisis. Active labour market and training policies for the unemployed and workers affected by ERTEs also take on considerable importance. Once suitably re-designed, these policies should be geared to boosting employability and smoothing the relocation of the workers most affected by the crisis to sectors or firms with greater growth potential. The criteria whereby support instruments are maintained, but after being appropriately designed so as not to distort the necessary adjustments in the economy, are also important. And particularly so those expressly intended to sustain the income of the most vulnerable households. The necessary implementation of an ambitious structural reform agenda Let us look beyond the policies needed in this phase of incipient economic recovery. Taking a broader view, the extraordinarily complex setting envisaged by the Banco de España’s latest economic projections - and those of the vast majority of analysts - for the coming years also means we should define a reform agenda aimed at tackling the structural challenges our economy faces, and which this crisis has made more pressing. In this setting, an ambitious reform strategy would be an essential lever for positioning the Spanish economy on a sustainable path of growth, job creation and well-being. One of the key structural challenges is that relating to the need to increase our economy’s growth potential.

The new series of Albanian banknotes combines maximum security, modern design, artistic communication of the historical message, and a longer lifespan. It consists of six denominations: 200, 500, 1000, 2000, 5000 and 10000 lek. While the first two denominations – 200 and 5000 lek, 1/2  BIS central bankers' speeches  issued in 2017 – are ready to be put in circulation in September 2019, the other banknotes of the series will be put in circulation gradually over the coming years and will be legal tender alongside the existing denominations. The presentation of the new series demonstrates the continued commitment of the Bank of Albania to further enhance the quality and security of banknotes in circulation. Both these attributes guarantee the absolute integrity of our banknotes and represent with dignity the Bank of Albania and the Albanian state itself. In this context, today’s ceremony marks the culmination of a voluminous work started four years ago. In addition to Bank staff, many renowned academics, historians, Albanologists, numismatists and experts from the most experienced companies in the field of banknote production have actively and intensively provided their invaluable contribution. The combination and cooperation of specialists from various fields of expertise, coupled with the latest technological innovations in banknote printing, enabled the refinement and presentation of a new series of banknotes which are simple to use, boast a contemporary design and strike a balance between innovation and current tradition.