Wage Setting and Price Stability
نویسنده
چکیده
In the Governing Council’s view, the outlook for price developments remains subject to upside risks ... It is therefore crucial that social partners continue to meet their responsibilities. In this context, wage agreements should take into account productivity developments, while recognising the still high level of unemployment and price competitiveness positions. As stated on previous occasions, it is also important that wage settlements move away from automatic, backward-looking indexation mechanisms. (Jean-Claude Trichet, President of the ECB, 11 Jan 2007)
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