On a more general note, the relaxation of banks’ capital and liquidity constraints is creating conditions for stronger credit flows to finance production, investment and exports. Having navigated through very troubled waters, the banking system is emerging stronger, more resilient, and able to finance growth. Challenges and opportunities The economic crisis has brought about not only acute problems, but also significant opportunities.
The two most important opportunities, which pose a challenge for Greece, are: •  First, to restructure the economy towards high-productivity and high-value-added sectors that would produce internationally tradable goods and services that can prove competitive both in the external and in the domestic market.