But what could be and should be done urgently? First, governments must get fiscally much more prudent. As the region cannot wait for better times in order to implement long-overdue structural reforms, there is no alternative but under crisis conditions to undertake the very unpopular steps.
I fully support the idea that EU support is conditional to an IMF program, although I do have a problem understanding why the level of support between EU members, candidates and potential EU candidate countries is so substantial. Brussels should consider not only the economic implications of a support to potential candidates but the political as well.