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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: zonder who wrote (15213)11/9/2004 12:02:35 PM
From: mishedlo  Read Replies (1) of 116555
 
Lots of bitching today.
Bitching at each other and each other's bitches too.
Is this international bitch day?
If so where is Snow?
Perhaps this is just European Bitch Day
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France´s Sarkozy urges Britain to stop griping against EU
Tuesday, November 9, 2004 11:11:55 AM
afxpress.com

France's Sarkozy urges Britain to stop griping against EU BIRMINGHAM, England (AFX) - Britain should stop griping at the sidelines and take its position at the heart of Europe, said Nicolas Sarkozy, the French finance minister

"If you are at the heart of Europe, then there is a chance Europe would look more like you in the end," said Sarkozy, who is leaving his post at the end of this month to take the reins of the leading UMP Party

"There is not one European who thinks you have anything to fear from Europe," he added in comments to British business leaders here at the annual Confederation of British Industry annual conference. Europe needs Britain to become a fully-fledged member of the EU and has a lot to learn from the successes of the British economy, especially with regard to unemployment and growth, said Sarkozy

France, he said, "must draw the lessons" from Britain's successes

One of the major themes of this year's CBI conference has been the economic reform agenda in Europe

A number of delegates, including the CBI's president John Sunderland, have urged the incoming European Commission to enact a wide range of policies to make Europe competitive

"The vision of Europe becoming the world's most competitive economy remains very much a distant one," said Sunderland

Despite being dwarfed by Britain's growth performance in the last few years, Sarkozy said much-needed reforms in France have helped the economy outperform the bulk of its partners in the EU

"Today France has one of the most significant levels of growth in Europe, albeit less than you," he said

The French economy is performing better than Italy and Germany and the average within the euro zone

The French government, he added, is doing its best to grapple with the public finances and will meet its deficit commitments under the European Growth and Stability Pact

"This year and next we will meet our commitments on deficits," he said
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