In short, members of the public are being called upon to take responsibility for themselves and to make their own decisions. Only those who are unable to do that can count on the state for support. For a large part of Europe, this approach amounts to a minor revolution.
BIS Review 7/2004  3  3.1  Reforms accomplished  Early last year, the Bundesbank published a paper entitled “Ways out of the crisis”. The paper proposed applying a coherent overall strategy for structural reforms in the labour market, the social security systems and fiscal policy.