Unless the summit comes to the conclusion of removing government interference in the job market, than the only result of it will be more unemployment and more interference will just grow the problem government created

And Germany did not lower unemployment by hob reform, they did it by subsidizing the spending of its trading partners by buying their trading partners debt which they now cannot pay off.

Anywhooo .. if France cannot get its act together and allow the free market to start fixing the jobs market, the repeat of the riots it saw a few years ago will return with a vengeance


http://euobserver.com/19/114732


BRUSSELS - A sharp rise in France's unemployment figures is putting pressure on President Nicolas Sarkozy to deliver, with over half the French population wanting the candidates for the spring presidential election to focus their energies on maintaining jobs.

Figures released by the labour ministry this week show that the number of those unemployed hit 2.85 million in November, a 12-year high and the seventh consecutive monthly increase.

The numbers have sparked a debate in France about the nature and future of employment with Sarkozy convening a jobs summit on 18 January.

The discussion has mainly focussed on part-time work and reducing hours and salaries instead of losing jobs, a proposal that has to be agreed with the unions.

Employment minister Xavier Bertrand said the January summit would see solutions that could be applied "rapidly" in order to contain "the effects of the crisis to the maximum."

France's joblessness plight has once again highlighted the difference between the strength of its economy in comparison with neighbouring Germany - a fact that has increasingly put the Franco-German relationship out of kilter.

Germany's falling unemployment was acknowledged by Bertrand: "Only Germany today is seeing its unemployment recede because they carried out profound reforms of the jobs market starting ten years ago and lasting ten years. We undertook (reforms) only a few years ago. That is the difference."

The news of the summit comes as figures show that de-industrialisation in France has accelarated since the start of the crisis in 2008.

 

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What specific 'reforms' did the Krauts implement?


That's the key issue.

 

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Ass-raping the middle class and implementing a subsidized low wage sector in a country that doesn't have minimum wage.

 

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If you say free market 3 times while spinning around with your eyes closed.....the problem is solved!


If for some reason the economy isnt suddenly better, try it again but free market even louder!


Its worth thinking about what gov't interference is shutting down the economy. Spending/demand is too low....are there any gov't restrictions not allowing people to spend money on products/services? Maybe you think the cause of unemployment is that the labor market cannot 'clear' because the price of labor isnt dropping enough to meet the demand...are there gov't restrictions which dont allow wage levels to drop, and is the scale of these restrictions large enough to explain the unemployment problem?


The free market really has a hard time with reductions in nominal wages because people dont like seeing their wages slashed. They really dont like it. When your central bank decides there will be no inflation, its almost impossible for the free market to adjust real wages. Maybe thats too much thinking though. Its easier to just stomp your feet and say 'FREE MARKET!'

O rly...

 

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ding. ding. ding.

 

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how much gold should I buy because of this?

 

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