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Politics : Politics for Pros- moderated

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To: greenspirit who wrote (102176)	2/25/2005 11:52:42 AM
From: aladin	of 793939

Michael, It must have really pained CNN to report this. The bias at CNN is palpable. For example - when the report on French Finance Minister Herve Gaymard they only report on a minor scandal causing him to resign: cnn.com What they don't tell you is that the unemployment rate rose to 10% in January. Negative news about France just won't do. In fact while you can find this news on the BBC and even on CBS - you cannot find a single article on CNN about it at all. French finance minister quits Unemployment rate rises to 10% in January By Aude Lagorce & Emily Church, MarketWatch Last Update: 10:56 AM ET Feb. 25, 2005 LONDON (MarketWatch) -- Finance Minister Herve Gaymard resigned on Friday after less than three months on the job amid a scandal over his taxpayer-funded Parisian apartment and as the French unemployment rate rose to 10 percent. Gaymard is the third finance minister in less than a year to resign at a time when France, like Germany, is pushing labor market and other structural reforms to spur lagging economic growth. Prime Minister Jean-Pierre Raffarin swept away the controversial 35-hour working week earlier this month and has pledged a decline in unemployment this year to 9 percent. On Friday, the French statistics office, Insee, said unemployment rose to a five-year high of 10 percent in January. marketwatch.com Of course all this make me wonder about the hyped up Euro and when it will start its free fall. With the two major Euro economies posting 10% and 11% unemployment, low or negative growth and compiling deficits that, as a percentage of GDP, are higher than than the US - the Euro appears to be a bubble trade. John

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