This is what has happened, for instance, with the introduction of the GST. It should yield gains that will mean better tax compliance and a more efficient tax system that in turn will impart a permanent upward push to our growth.
Elias is a distinguished academic, but in fact he did start his career at the ECB, and so he is, so to speak, a member of our family. - Finally, while this edition of the workshop is especially affected by fast-moving policy problems, we should never forget structural issues.