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Credit Suisse on economic reform.

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According to Switzerland's second-biggest bank, Credit Suisse, Swiss workers should delay their retirement, expect fewer wage rises and take individual responsibility for social security.

Alois Bischofberger, the chief economist of Credit Suisse said ordinary Swiss need to actively help reform the economy to boost growth.

Bischofberger believes that the recent federal cabinet elections had provided a fresh opportunity for economic reform. However, he feels that encouraging growth in Switzerland is not only the job of the government.

"Everyone needs to get involved. Automatic salary increases based on age can no longer be justified. The emphasis should be on performance," he says.

"And it's also desirable that workers should have an increased willingness to voluntarily work beyond the official pension age," states Bischofberger.

The comments represent a newfound zeal among Switzerland's business community to engage in the country's current economic debate.

Business has continued to remind the Swiss of the country's declining economic fortunes, especially when compared to the rest of Europe. The GDP growth has almost stagnated since the early 1990s, while ordinary...

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