And we can capitalise on this existing momentum. Between the year 2000 and last year, the share of euro area imports from the CESEE region increased from 5% to 10%. [7] And the share of euro area exports to CESEE economies reached 11% last year, almost double that at the start of the millennium.
16 Securitization of mortgages also increased significantly in the pre-crisis period in some countries, especially private-label securitization in the United States (Chart 8b).