The French socialist paradise
A wonderful set of links at
Pave France. Damien asks the question: "What do you get when your government promises to coddle you for life?" Well, you get
the mess that is the
French socialist paradise...
bq. France must learn to work harder and rein in its "excessive" public sector if it is not to sink into irreversible economic decline, a committee of experts led by
former IMF chief Michel Camdessus warned the government Tuesday.
bq. Commissioned by
Finance Minister and
presidential hopeful Nicolas Sarkozy, the report [
Le sursaut - Vers une nouvelle croissance pour la France (The Start - Toward a New Growth for France)] painted a depressing picture of a country hampered by unemployment of nearly 10 percent, declining productivity and investment and permanently low growth rates.
bq. It warned that public debt, which has tripled as a proportion of gross domestic product in the past 20 years, as well as heavy public spending, were jeopardising the state's capacity to cope with future problems.
bq. "A serious syndrome of denial is setting in which curbs all but superficial reforms. But the fact is we are indeed stalling, and if nothing is done to overcome the pernicious phenomena which we have observed, in about 10 years it will lead to an irretrievable situation," the report said.
Damien then comments:
bq.
Then the usual complaints, the usual characters.
France's most noisy -- if not most powerful -- union, CGT, begins its press comments on the report thusly: "Yes, France and Europe have an urgent need for a new growth." And there is where agreement ends. CGT contends the report, rife with contradictions and light on substantive change, still manages to attack every fundamental right of the working stiff. "Monsieur Camdessus qui opte pour des propositions libérales, se trompe vraiment de chemin." Mr. Camdessus's liberal proposals are the wrong way. The right way apparently being more of the CGT same-old-same-old.
Going down the tubes -- wonder if we will have to bail them out
again...
Posted by DaveH at October 21, 2004 11:24 AM