These measures should be implemented, also because, in this way, one of the problems that characterised the crisis – the two-way relationship between banks and sovereign states – would be weakened by these two measures. Speaking of Greece, you have acknowledged that even with the implementation of the programme, Athens will need debt restructuring.
The constraints are related to production capacity flexibility in balancing the mounting demand, primarily stemming from an unchanged and unfavourable investment climate and the high-cost economy. Furthermore, economic projections for 2007 will also be influenced by the ability of the domestic economy to absorb the risks that may emerge in 2007, in particular those related to global financial flows.