Anyway, every euro area Member State should be active in enhancing their economies. An example of successful reforms are the pension reforms that many EU Member States implemented over the last decades.8 These reforms have enhanced fiscal sustainability, helped to maintain adequate pension income and also contributed to increased labour participation rates.
This will provide a good avenue to banks to expand their portfolio and diversify their risk. It will be remunerative also and at the same time will help banks’ priority sector compliance as well. This is under discussion in RBI and we will take a final view in some time. b.