I will focus on the following issues: First, I will say a few words about the international environment. Second, I will present the progress that has been made in Greece since the start of the crisis. Third, I will discuss the outlook for the economy and outline the main risks and remaining challenges that must be addressed.
Fourth, I will discuss the preconditions for a sustainable recovery of the Greek economy. Finally, I will make some remarks about the need to improve the EMU architecture. 1. The international environment The global economy is maintaining a solid pace of expansion.