The most crucial factor that ensures the implementation of the reforms required for the Greek economy to prosper in the context of the Economic and Monetary Union is the emergence of a strong political consensus in Parliament and society in favour of keeping Greece in the euro area.
In addition, adherence to the EU macroeconomic and fiscal rules and the strict monitoring by the EU as part of postprogramme surveillance which is already envisaged for programme member-states with relatively high public debt, precludes the emergence of new imbalances. Third, Greece benefits from a large amount of EU funds which aim at boosting growth and jobs.