Here, I would like to remind our bankers that one of the lessons from the global financial crisis was that small value and retail business proved to be a source of stability and that banks focusing heavily on wholesale business were the most severely impacted in the crisis. What has not happened? 26.
Productivity levels in business also depend on the efficiency of public administration. It is commonly agreed that inefficient staff allocation and the operational framework of public administration do not meet the requirements of the Greek society and economy in an efficient manner, while reform proceeds at a relatively slow pace.