BIS central bankers’ speeches  5  have been to increase government revenue and reduce expenditure in the short term, while pushing through a wide range of economic reforms in the medium to long term aiming to achieve sustainable growth.
However, when it comes to measures to stabilize the financial system, things become much more difficult, because the impact on international financial markets cannot be ignored. A major factor currently destabilizing international markets lies in the daunting situation of having to deal with two crucial issues simultaneously – fiscal imbalances and instability in the financial system. B.