The collapse was 4 / 10  BIS central bankers' speeches  extraordinarily large and the crisis was terrible. It was overcome first thanks to what the Greek citizens had been able to achieve. But solidarity in the Eurozone has been beneficial. It is very difficult for an isolated country which defaults to go back to normal.
6  BIS Review 129/2009  Consultative approach We have also reaped the advantages of using external experts in our policy making. We have a Technical Advisory Committee for Monetary Policy consisting of academicians, practitioners and experts, which tenders advice to RBI on monetary policy stance.