On 6 December, Philippe Lamberts, Co-Chair of the Group of the Greens/European Free Alliance in the European Parliament, was the keynote speaker in a seminar on employment and inequality organised at DG ECFIN and chaired by Director-General Marco Buti. Mr. Lamberts focused his intervention on "under the radar" labour market developments that were not observed when looking at the main employment indicators. He pointed to an increase in the number of people working few hours, earning low wages and being subject to precarious conditions. Putting these observations in a broader context of globalisation and the digital transformation, he argued that Europe's current labour market, tax, and social protection systems were no longer adequate. Moreover, Mr. Lamberts highlighted that Europe is not investing enough, particularly in intangibles, to maintain its competitive edge. Marco Buti stressed the importance of an open dialogue beyond the traditional fora and noted a convergence of views, particularly in terms of pre-market but also post-market policies – while in the area of market policies differences probably still exist. He pointed to Musgrave's triangle of allocative efficiency, redistribution and cyclical stabilisation. It had always been clear that increased redistribution implied increased stabilisation but there was tension with allocation. The current aim is to identify and implement policies that reconcile all three sides of the triangle.