What makes the European monetary union special is that it combines a single monetary policy with national fiscal policies. The monetary policy for the 17 countries of the euro area is decided by the Governing Council of the ECB in Frankfurt.
In addition, putting idle public property to good use and speeding up privatisation processes are strong tools not only to boost investment activity and foster sustainable growth, but also to support fiscal adjustment, insofar as they reduce public debt. The Greek State, for historical reasons, owns real estate, the development of which could attract investment and reduce public debt.