In turn, the greater supply of eurodenominated funds outside the euro area has supported euro-denominated lending by banks outside the euro area. [27]  Chart 9 Currency composition of outstanding amounts of international loans in selected major currencies (percentages; at Q4 2018 exchange rates)  Source: “The international role of the euro”, ECB, (2019).
Fortunately, we were prepared when the pandemic hit us. This slide shows the strength of our macroeconomic fundamentals in 2019. Two decades of sustained economic and structural reforms served as well and enabled us to build buffers and widen policy space. Our GDP growth averaged 6.4 percent in the last 10 years.