The basic deficiency of the consultation paper is that it completely ignores the question of macroeconomic policy orientation. Subsequent effects of this policy are therefore extracted from the discussion process a priori. In the process, it is clear that coping with the topics addressed in the consultation paper (globalisation, demographics, poverty, unemployment, enlargement) also depends largely on economic growth in Europe and therefore on macro policy impulses. The sustainable achievement of goals like economic growth and “more and better jobs” calls for the ECB's restrictive monetary policy to be loosened, an increase in the budgetary scope of Member States as well as effective measures against tax and social dumping. In addition, we need to end redistribution to the detriment of wages, which has been going on for years. The EU’s single market policy needs to be designed more as an instrument to improve the quality of life in Europe.