Public policy has a key role to play by upholding continued structural reforms that will, inter alia, help: increase aggregate savings in the economy; strengthen firms’ capitalisation; provide, through capital markets, adequate instruments to finance innovation and exports; promote regulatory and tax predictability and, more generally, a business-friendly legal framework; the separation between firm ownership and firm management; red tape reduction; and a better functioning of the judicial system.
Such reforms are, on the one hand, imperative for pursuing the correction of the macroeconomic imbalances that led Portugal to the past crises and, on the other hand, extremely hard to 5/6  BIS central bankers' speeches  implement after the conclusion of the assistance programme. Why do I say that structural reforms are extremely hard to implement in the current context?