Principles need to be developed of how this can be done while ensuring debt sustainability, incentivising private financing, stimulating innovation and, at the same time, preventing a misallocation of resources or excessive risk-taking in the financial sector.
After all, there is no better time to reinforce the roof than when the sun is shining! Moreover, it is also important for the economies of the Member States in the monetary union – where the single monetary policy is geared towards maintaining price stability for the euro area as a whole – to preserve and enhance their competitiveness position.