And neither has the framework for coordinating fiscal policies worked well, not to mention the complete lack of coordination of macroeconomic policies, influencing competitiveness. The Greek crisis and its contagion to other vulnerable countries have been the irrefutable proof: no matter how small the country, its competitiveness problems and imbalances can have a systemic impact.
And while the Bank's former home on Grand Boulevard served it well, today we celebrate the opening of a building that will well serve this country, and this region.