In addition to the impact of actually providing funds, significance of sharing the recognition that strengthening growth potential is important is not small at all.
Product and labour market flexibility is certainly a part of this, but there is also a wider challenge related to reducing bureaucracy, red tape and corruption. Progress has been  BIS central bankers’ speeches  5  made in these areas but Greece still ranks second to last among euro area countries on the World Bank’s Ease of Doing Business Index.