In addition, the ECB closely monitored the provision of emergency liquidity assistance by the Bank of Greece according to our rules, taking into account the prospect of a successful completion of the negotiations at any point in time.
If we have a situation in which significant low-income groups are unable to acquire  9  BIS Review 104/2000  skills necessary to participate in economic activities, the society suffers a substantial loss in human capital. The Chairman of the US Federal Reserve Board, Alan Greenspan, recently stated that: “Societies cannot thrive when significant segments perceive its functioning as unjust”.