Nevertheless, there have been repeated calls for German competitiveness to be lowered to reduce the imbalances in the euro area. One possible solution that has been suggested is a considerable hike in German wages – in other words, a larger increase than is warranted by conditions on the domestic labour market.
In addition, the regional offices of the Department could be directly involved in conducting surveys on financial inclusion, particularly assessment of financial inclusion outcomes in the villages following the outreach programme of the Bank.