“Isn’t it better to be powerful and rich than to be good in an unfair world, where those who cheat sleep on sheets of silk while those who are good are condemned to the hard ground? Why be good?” To this Yudhishthira replies in the only way he knows: “I act because I must”. The king’s answer represents the uncompromising, compelling voice of dharma.
National authorities can make a substantial contribution, not only by implementing sound structural policies, but also by ensuring a proper functioning of adjustment mechanisms within the euro area and by implementing well-designed fiscal policies.