The latest episode of Real Economy on Euronews explores what the buzz-phrase “structural reform" actually means and how it’s helping to boost growth in Europe. The term structural reform refers to policy measures designed to boost an economy's competitiveness, growth potential and adjustment capacity. Typical structural reforms focus mostly on the overall business environment, the labour market and taxation. Each year, during the European Semester policy coordination process, the Commission undertakes a detailed analysis of each country's plans for a budget, macroeconomic and structural reforms. It then provides EU governments with country-specific recommendations for the next 12-18 months. Another programme, the Structural Reform Support Programme (SRSP), with a current budget of EUR 222.8 million for 2017-2020, will provide support in 2019 to 26 Member States to carry out more than 260 projects. Structural reforms are not only implemented to stimulate growth; they can also help make growth more inclusive. Latvia, for example, has implemented structural reforms in its education system and introduced a progressive tax system to fight income inequality. According to the Organisation for Economic Cooperation and Development’s Chief Economist, Laurence Boone, “Structural reforms are absolutely key to make sure that every single decimal of growth will increase employment, productivity and ultimately will increase investment," but success in implementing them lies in their timing, packaging and sequencing.