While, foregoing has been the reason for general perception about relative isolation of the agricultural sector from the reform process; keeping with the growing openness, a series of policy initiatives transformed this sector as well.
The euro area cycle is unlikely to experience a double dip. In actual fact, the moderate pace of economic expansion in the euro area is set to continue, not least because macroeconomic policy is supportive: 1. Monetary conditions are favourable to growth: liquidity is ample. Real interest rates, both long- and short-term, are below their historical averages. 2.