The financial system and its stability have a crucial role to play in closing this gap, and central bankers and supervisory authorities have a catalytic responsibility in shaping a system that can deliver future prosperity. Sources 1.
Furthermore, it is necessary to create a social security system for which the state-owned enterprises have hitherto been responsible as well as a framework for a market-oriented fiscal and monetary policy. V In Europe the process of structural reforms has to continue. Europe has problems. The most pressing problems include high unemployment, a lack of economic flexibility and an ageing population.