The list could continue. Each different answer to any of these questions may give rise to methodological differences in computed LTVs. These discrepancies hamper cross-country comparisons; going forward, they can hinder MAP implementation and coordination among the euro-area countries. Work to harmonize statistics in this field is beginning in the light of the forthcoming establishment of the Single Supervisory Mechanism (SSM).
As projections – rather than forecasts – they can be useful in identifying specific areas where Greece compares unfavourably with other EU countries and, therefore, improvement is presumably feasible with the adoption of appropriate policies. Demographic changes will have major implications for the pension and healthcare systems and, hence, for the sustainability of public finances.