To: IQBAL LATIF who wrote (49409 ) 11/9/2005 7:13:59 PM From: IQBAL LATIF Respond to of 50167 The E.U: The EU is a French concept and is still largely run according to French ideas. And France is the archetypal EU country. If you have a regular job in France, your life is, in theory, lyrical. You work 35 hours a week. You generally get four weeks of holiday in August, plus a further three weeks throughout the year, in addition to 11 state holidays. Full medical care is provided, even in retirement. Retirement age varies, but it is now typically 55. Pensions may be two-thirds to three-quarters of a person's salary at the time of retirement. The truth is that the EU has been living beyond its means, and its bills are coming due. The biggest bill of all--the cost of generous state pensions, which in most EU countries are underfunded--is looming. It's true that most advanced countries are having difficulties meeting pensions because people are living longer and work forces are expanding more slowly (or not at all). Britain is running into a pension crisis. Most of those who banked on a healthy private pension for their old age are going to be disappointed, partly because returns on investments are so low and partly because the Labour finance minister, Gordon Brown, has been raiding the till by abolishing tax-free pension dividends. This is the issue that will lose Tony Blair the next election, as the pain of Labour's "pension raid" is felt. But at least Britain has a properly funded public pension plan. And the British economy is moving forward, perhaps not as fast as America's, but at a healthy and accelerating rate. The omens for continental Europe, however, are sinister. The entire plan for perpetual improvement upon which the EU depends is based on continuous economic expansion. There is no provision for stagnation. As we see in Japan, once stagnation sets in, it can last many years. Americans should count their blessings, above all the supreme blessing of having an economy that is run by businessmen not bureaucrats, or that--under wise governance--runs itself. posted by Zachary at 17:26 <'French Intifida' is betrayal of French policy of 'appeasement' and 'buying their quiet' at the cost of national honor. French socio-economic structure is a remnant of a socialist era and ensures that most of these immigrants exploit the loopholes within French law so as to avoid work. Much as it not much work is available, but 35 hours week, and 100 different kinds of taxes on those who work hard beyond 35 hours, plus hefty "chomage" ensures these youth to play havoc with the suburbs in their leisure time.>iranian.com