That moment came on new year 's eve 1999 , when mr yeltsin resigned and , despite his views about the kgb , handed over the reins of power to mr putin , the man he had put in charge of the fsb in 1998 and made prime minister a year later .
Fixing that means different things in different places : germany could loosen fiscal policy , while in britain the reins should merely be tightened more slowly .