Despite the successes, one has to acknowledge that much remains to be done for strengthening and advancing European integration.
This requires a strong and resilient macro mix, being conscious of the policy space available under additional adverse scenarios, and following a risk management approach as part of policy making. Being mindful of the policy space does not justify inaction. Comprehensive packages of nearterm support should be implemented jointly with credible medium-term strategies, anchoring macroeconomic sustainability, and promoting pro-growth structural reforms.