In the long term, the relatively lower cost of borrowing reduces the interest burden on public debt, thereby providing further support to fiscal consolidation. The aim of the support mechanism is to facilitate and ensure the implementation of structural reforms which, apart from being absolutely essential, should have been carried out long ago.
Under no circumstances, however, should the existence of the mechanism lead to complacency or a relaxation of efforts. The brunt of the task falls to the Greek State, which holds full responsibility for convincing that the economy is irrevocably engaged on a new trajectory. The concerted and consistent implementation of the measures announced will help to gradually improve the climate.