Governments have reiterated commitments to stated medium-term fiscal goals. Second, there is going to be a non-trivial degree of structural change in the economy as a result of the large change in relative prices. This is already occurring, but if relative prices  5  I note that prices observed over the past year have exceeded, more or less continually, what had been assumed.
This scenario looks increasingly unlikely now with Greek government bond yields remaining at prohibitively high levels. The EU, the IMF, and Greece, therefore, agreed on a second bailout package for Greece – separate from the financial assistance mentioned so far – to provide funds from 2012 onward.