Upside risks are related to the inclusion of Greek sovereign debt in the ECB’s quantitative easing programme (QE) and an increase in tourist arrivals and travel receipts, as indicated in the bookings trend.
A migrant laborer in a metropolitan centre and a laborer in a village may have similar balances in their bank accounts, but their requirements would be distinct and therefore, the product offerings of banks to these sets of customers would have to be different.