However, there was an effort to identify long-term structural issues and attempt to address them. There was some agreement in very broad terms, but differences persist on the sources of global imbalances and the appropriate correctives at the national level.
Both the government and the Bank of Greece knew that our fundamentals were rapidly improving and our economy had entered a virtuous cycle of rapid growth, falling inflation and fiscal deficits and with relatively small current account deficits by past standards, so we did not hesitate even for a second, regarding our policies and goals.