The rollout of DBT presents a number of challenges, such as, digitization of beneficiary database, opening of bank accounts opened and enrolment for Aadhar followed by seeding of Aadhar number with the bank accounts.
Over time, however, it might be wise to revisit the issue of going beyond harmonisation to creating an EU-wide Fund, in order to further break links in the negative feedback loops that can develop between banks and the state. Where do we stand? Since the onset of the crisis, policymakers in the crisis countries have made significant progress in addressing fiscal and external imbalances.