On-site examination and off-site monitoring Second is the importance of grasping precisely the conditions of individual financial institutions, together with holding a macroprudential perspective that I have just mentioned. Economic growth eventually materializes by combining labor and capital equipment in an optimal way and utilizing the fruits of technological innovation. The function of financial intermediation supports that process from the financial side.
In the short term, we cannot simply grow our way out of this situation. We can support our export potential through responsible economic policies combined with collective agreements to counter the prolonged loss of competitiveness, and we can introduce reforms that will provide a sound basis for the upswing which will come at some point.