Alongside the necessary reforms, there is a need for active employment policies and training programmes in order to address high long-term unemployment, which leads to marginalisation of parts of the population and loss of human capital.
Moreover, social policies need to be redesigned and better targeted, in order to tackle the increased risk of poverty and social exclusion of social groups harder hit by the crisis. As mentioned at the beginning, the restructuring of the Greek economy towards a new, extrovert growth model, based on tradables and a higher share of exports in GDP, is already underway.