At its most basic level, a protection scheme of any kind must first and foremost be credible, which necessitates the right incentives being set for all members. One thing, however, is certain: with the right structure, the shoal of savings banks will continue to be able to safely navigate shallow and choppy waters.
6  BIS Review 41/2006  With regard to the labour market, initial steps to create greater flexibility have already been taken. The reform of unemployment benefits and the extension of the qualifying period are a move in the right direction.