The country has created a stack of open APIs and digital public goods which can be leveraged by the industry to innovate and promote financial and social inclusion. 32. The Reserve Bank's approach has been to balance innovation with regulation, without compromising on the principles of prudence.
This is particularly true with respect to the high level of underemployment among young people and in peripheral regions. Thus, while the euro area economy looks increasingly healthy on average, it becomes clear on closer inspection that a lot still remains to be done to move onto a sustainable, integrative path of prosperity.