To this end there needs to be a continuing financial commitment on the part of the European institutions but also more intense contacts and exchanges of experience between the institutions and operators of the Mediterranean countries on the one hand and their European counterparts on the other.
The global market economy, in all its elements, including and especially in its financial component, must considerably strengthen its resistance to shocks, i.e. its resilience. This calls for a set of ambitious reforms aiming to introduce, re-introduce and reinforce if need be counter-cyclical mechanisms and the shock-absorbers in the financial system. Financial and economic fluctuations are inevitable and necessary in a market economy.