Second, “All hands on the deck” covering the Federal, Provincial and local governments, private sector, external donors, communities, not-forprofit institutions, civil society organizations, philanthropies and charities should be assigned roles in a more cohesive and integrated manner.
At the same time, exports are increasing. All the crisis countries – except Cyprus – are projected to see some export growth this year, ranging from just 1/2% in Ireland to almost 6% in Portugal. These achievements are reflected in current accounts reverting more and more to positive balances. Competitiveness has also improved in most peripheral countries.