Moreover, Greece also receives a relatively good ranking in technological readiness (50nd) and in some innovation and business sophistication factors like the application for patents (PCT patents: 37th), and particularly in the availability of scientists and engineers (10th).
Central banks are generally believed to have effective tools for preventing persistent inflation overshoots, but the  9  For a discussion of this terminology and references, see English, López-Salido, and Tetlow (2015) and Clinton and others (2015). -6effective lower bound on interest rates makes persistent undershoots more likely.