This, in turn, will facilitate the return to financial normality after seven years of significant sacrifices by the Greek people. More flexible economic structures coupled with sound institutions and macroeconomic fundamentals will accelerate the reallocation of productive resources towards tradable and exportable goods and services, making the economy more resilient to future shocks and raising long-term potential growth.
Sources: Acemoglu D. and J. Robinson, 2012 Why Nations Fail: The Origins of Power, Prosperity, and Poverty, Publisher: Crown Business. Bank of Greece, 2017. Monetary Policy Report 2016–2017, July. Draghi, M., 2017. Structural reforms in the euro area. Introductory remarks, 18 October. www.ecb.europa.eu/press/key/date/2017/html/ecb.sp171018.en.html Draghi, M. 2017, Introductory Statement October.www.ecb.europa.eu/press/pressconf/2017/html/ecb.is171026.en.html  26  European Commission, 2017.