The public real estate, if properly utilised through an upgraded land use and spatial planning framework that will fully respect the environment, can attract substantial foreign direct investment. 4.
Third, the Governing Council decided to start consultations with other European institutions on initiatives to promote a functioning market for asset-backed securities collateralised by loans to non-financial corporations. In the meantime, it is essential for governments to intensify the implementation of structural reforms at national level, building on progress made in fiscal consolidation and proceeding with bank recapitalisation where needed.