The situation in Greece shows how important it is to strictly apply credible fiscal rules. A lesson to be learnt from the recent events is to strengthen the fiscal rules in the euro area and to enforce their application.
It is indeed a pleasure and an honor for me to welcome all of you to Bank Indonesia’s Annual International Seminar in this beautiful and majestic island of Bali. This seminar has become one of Bank Indonesia’s annual traditions, and this year’s event marks its 6th “anniversary”.