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Politics : Foreign Affairs Discussion Group
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To: Hawkmoon who wrote (15358)1/3/2002 12:51:58 PM
From: Dennis O'Bell  Read Replies (1) of 281500
 
My argument is that, without fundamental changes in economic policies in Europe and Japan, they will not be able to compete with more vibrant economies

Well, I know for sure that France is firmly committed to the socialist-communist view that society must tend toward a kind of thermodynamic equilibrium, where nobody deviates from some accepted norm. The whole 35 hour work week is the latest in a long series of income redistribution schemes - so far it's the only promise held by Jospin's government. I could be worse, but having seen how things work day to day over there, I'm still skeptical about the Euro in general.

This said, I think it's probably better than all the individual currencies they had before. It's just not any kind of a panacea for them.
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