A grey outlook on Europe’s pension reform
France and Spain give us a taste of what is to come in Europe in the coming decades.
France and Spain give us a taste of what is to come in Europe in the coming decades.
Perhaps Gérard Depardieu mainly left France because he refused to believe that high income earners like him should be allowed to keep at least about half their earnings.
Either Sarkozy or Hollande will win France’s presidential elections, but the project of European cooperation and integration will surely lose.
Whoever believed that the never-ending eurozone crisis had been solved during the holiday break would have been surprised by the difficult French bond auction last week, Italian yields once again …
Perhaps it is dawning on Cameron that he had been moved like a pawn on a chessboard by his continental friends.
If newspaper reports over the weekend are to be believed, German chancellor Angela Merkel and French president Nicolas Sarkozy are preparing a new eurozone stability treaty.
The treaty to establish the new European Stability Mechanism is the best example of this fundamentally undemocratic approach.
When we are looking at Australia today, we can be pleased that we have so far avoided many of Europe’s problems.
For months, the French republic has been shaken by growing resistance to president Nicolas Sarkozy and his plan to increase the retirement age from 60 to 62 years.
Despite repeated calls for greater unity, the European common market still does not work properly.
© Dr Oliver Hartwich