2 There are also challenges in measuring the value of other important national assets, including our cultural heritage, our human capital and our rich and varied natural environment. There are various efforts around the world trying to make progress on how to measure these types of assets, but most of this work remains experimental.
The first of the fronts, fiscal correction, means that countries having a fragile fiscal position now must correct it, as they have indeed committed to do. These countries fall into three categories. The first is Greece, which is actually deemed a special case now. The new EU/IMF adjustment program for Greece is crucial to foster sustainable economic growth and stabilize public finances.