I don't have a definite answer but I think the concerns that have been raised in the discussion have to be taken seriously and we are challenged to think about approaches that could strengthen countercyclical regulatory instruments that encourage the build up of cushions in booms that can act as buffers when times deteriorate.
It has been indicated that the assistance package will impose more stringent conditions than the reform package which brought down the Portuguese government – and that broad political agreement must be reached before the election.