41 “... under its mandates for financial stability and consumer protection. The supervisory authority imposed a...”

42 “... will depend critically on whether it is able to address its labor market challenges. Employment protection...”

43 “... on pensions and on social protection benefits, and higher homeownership ratio, as suggested by a comparison...”

44 “... to generate sizable expenditure savings. In education and non-pension social protection there is scope...”

45 “... of structural reforms. This would include (i) strengthening governance and protection of property rights; (ii...”

46

47 “... of critical government operations, preserving financial stability and protecting priority spending...”

48 “... and protect social cohesion. The Belgian labor market suffers from rigidities and fragmentation. The design...”

49 “... consumption and protecting against shocks. The high, but mostly illiquid, assets have a counterpart, however...”

50 “... percent. A swift policy response has been effective in mitigating the crisis impact and protecting...”

51 “... for this review and new commitments by the authorities provide a way forward in protecting a key policy pillar...”

52 “... impact of the health emergency by protecting the liquidity of companies, preserving jobs and providing...”

53 “... would protect the sustainability of traditional economic sectors...”

54 “... is large even in sectors where the state's share is low. Existing policies to protect and promote...”

55 “... against inflation, while protecting vulnerable households, which have been impacted disproportionally...”

56 “... policy priorities are appropriately focused on safeguarding energy security, protecting the most...”

57 “... protecting vulnerable groups, maintaining financial stability, and boosting structural reform efforts...”

58 “... by protecting the rights of minority shareholders and ensuring competition...”

59 “... tax relief and subsidized credit schemes to protect employment and businesses, and strengthened social...”

60 “... new FX-protected deposit scheme. Since then, increasingly distortionary and complex macrofinancial...”