Ninth, do we recognise that the major issue is not one of inclusion or exclusion, but huge inequalities in terms of inclusion? A low-income person has to pay disproportionately higher fees for any financial service than a high-income person does. This is common to both advanced and emerging economies.
These plans should also be accompanied by a strengthening of national budgetary frameworks. Consolidation efforts should be stepped up in 2011 and will need to exceed significantly the benchmark of 0.5% of GDP per annum set in the Stability and Growth Pact. In countries with high deficit and/or debt ratios, the annual structural adjustment should reach at least 1% of GDP.