If we’d like to choose the Board of Directors and the Chairman thereof and to let the Board to have its say in establishing favorable incentive and restraint mechanism for Top Management, then we shall grant to investors the right of personnel choice and hiring.
Past experiences of fiscal consolidation episodes demonstrate the long-term benefits of reducing sizeable fiscal imbalances. There are at least three reasons why well-designed fiscal consolidation is beneficial in the current circumstances. Accompanied by appropriate structural reforms, it promotes long-term growth. For those economies with large fiscal imbalances, it is indispensable to bolster confidence.