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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here
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To: elmatador who wrote (5303)9/20/1999 3:26:00 PM
From: Bernard Levy  Read Replies (2) of 12823
 
**OT**

Elmatador: To make the case that France is worse off
than Scandinavia:

a) Unemployment rates went from about 2% in the early
1960s to 13% now, in spite of a lowering of the retirement
age to 62 for men and 60 for women (some categories
such as rail employees and truckers have even a retirement
at 55). France has also a conscript army, so that if you
count people who have been drafted or individuals who
were forced to retire, I would say that France has a
true unemployment rate of 20%.

b) Young entrepreneurs are moving in droves to the UK,
where they find a more receptive environment. Things are
so bad that the current French government is discussing
a tax on companies which move from France to foreign
countries.

Scandinavia is not all roses, but France is a certified
nightmare.

Best regards,

Bernard Levy
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