Thank you for inviting me today to discuss the response to the coronavirus (COVID-19) crisis, with a particular focus on Greece.
The pandemic has caused significant disruption and hardship in nearly every aspect of our lives, and it will take time to heal the damage that has been done.
The euro area economy has been severely hit. Today I will argue that while Europe has responded to a major challenge, it is not out of the woods yet. In Greece, European and domestic policies have together played a crucial role in absorbing the shock, but further efforts will be needed.
At the same time and as Hippocrates, the father of medicine, once said: “Healing is a matter of time, but it is sometimes also a matter of opportunity”. Europe – and Greec…
Read the full article at: https://www.bis.org/review/r200915b.htm