Police and youth have clashed in a dozen cities reports the Independent, and the country has been forced to tap its crisis fuel supply says the New York Post.
Yet what’s most shocking about the strikes is the modest pension reform they are opposed to. The French government is merely increasing the age of retirement to 62 from 60, by 2018, which is nothing compared to the far harsher austerity measures people are protesting in places such as Greece and Spain.
Denial is a very potent bad habit that’s hard to break.
This would be almost comical, if it weren’t so serious. Riots over delaying the age of retirement from 60 to 62? By 2018?
Such outrage shown in the country with more vacation time guaranteed by law to every citizen than in any other country on the planet? Yeah, the French have it so hard…
David Handy+
Another reminder that the euro is doomed. Germany will likely rebel aat being linked to the PIIGS. And France is supposedly one of the healthier countries.
But the knife-edge psychology currently governing global markets has put the future of the U.S. economic recovery in the hands of politicians in an assortment of European capitals. If one or more fail to make the expected progress on cutting budgets, restructuring economies or boosting growth, it could drain confidence in a broad and unsettling way. Credit markets worldwide could lock up and throw the global economy back into recession.
thanks
[url=http://www.financemetrics.com/2010-european-debt-crisis/]European debt crisis[/url]
If one or more fail to make the expected progress on cutting budgets, restructuring economies or boosting growth, it could drain confidence in a broad and unsettling way. Credit markets worldwide could lock up and throw the global economy back into recession.
[url=http://www.whatisguide.net/0311-ways-to-save-money.html]Ways to Save Money[/url]