Given the lower productivity growth in the financial sector compared to the productivity gains achieved in other sectors in the euro area, but also relative to those recorded in the United States, policies that can accelerate the integration and development of European financial markets are essential.
The day after of the Greek economy requires medium-term planning, smart interventions on behalf of the government and a common understanding across euro area countries. The adoption of a new production model should become a national priority, in order to transform the crisis into an opportunity for sustainable growth. The pandemic crisis establishes new challenges, where globalization recedes and local production activities are enhanced.