In other words, these actions to restructure public debt, coupled with (a) a more effective and better-targeted policy for privatisations and for the utilisation of public real estate, (b) a reform effort focusing on opening up those goods and services markets that have not been fully liberalised yet and (c) a more aggressive management of the problem of NPLs by both banks and the Greek government, could directly lead to public debt sustainability, with the ensuing possibility of lowering significantly the ultimate fiscal target.
At the same time, this ten-year milestone compels us to assess how we can deliver appropriate microfinance services in an even better and more cost-efficient manner to more of our country’s entrepreneurial poor. Fortunately, recent developments in the industry are opening new opportunities and presenting us with interesting possibilities that can lead to revolutionary ways of providing better microfinance services.