Over the medium term, the recovery of the euro area economy should be supported by favourable financing conditions, an expansionary fiscal stance and a recovery in demand as containment 2/4  BIS central bankers' speeches  measures are gradually lifted. This assessment is broadly reflected in the baseline scenario of the March 2021 ECB staff macroeconomic projections for the euro area.
So, the issue for debate is, how do we keep the financial sector in line with the real sector? BIS Review 153/2008  5  Summary and conclusion That brings me to the close of the five debates relating to the lessons from the global financial crises.