Structural reforms were delayed, while wage growth relative to productivity growth diverged.

FORBES: Roubini Warns Of Euro Break Up As Greek Credit Rating Tumbles

The high rate of unemployment in the United States is due primarily to structural problems, high marginal tax rates, minimum wage laws, the extension of unemployment benefits, the high cost of employer-provided health benefits, and uncertainty regarding future fiscal rules and regulations.

FORBES: Ben Bernanke's QE4: Another Step Toward Helicopter Money, And Away From Freedom

To sum up, I can easily accept that the American middle-class and southern Europe could be experiencing significant real wage declines as a result of real or structural factors.

FORBES: Stagnation and Recession

"The situation in Greece has taken a turn for the worse, with the economy increasingly adjusting through recession and related wage-price channels, rather than through structural reform-driven increases in productivity".

BBC: Greece needs yet another bailout

But delivering the jobs and wage rises that ordinary Peruvians clamour for requires both faster growth and structural reforms.

ECONOMIST: A restored democracy struggles to find its feet

He must persuade ordinary Greeks, battered by austerity, to accept cuts to the minimum wage, pensions and spending, as well as a programme of structural reform that has no parallel in modern Greek history.

ECONOMIST: The euro

They also think the so-called "troika" - the European Commission, ECB and the IMF - should be looking for imaginative ways to help encourage structural reform and economic growth at the same time - for example, through temporary wage subsidies for new businesses, or programmes to support lending to SMEs.

BBC: Plan B for the eurozone?