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French PM Warns that of Demise of European Social Model

Yep.

But French Prime Minister Francois Fillon noted that while forecasts point to 1 percent growth in the euro zone for 2010. That is half the expected growth in the U.S., and Asia is widely expected to grow at a 4 percent clip.

“With this sluggish growth, we cannot preserve the European social model or reduce our public debt,” said Fillon, addressing a high-level gathering of political and business leaders at Italy’s Lake Como. “The level of our structural deficits threatens the long-term survival of our economy,” he added.

Posted by Owen at 1826 hrs
Economy + Foreign Affairs

1. The situation in certain parts of Europe is awful.  On the whole, their entire banking system is in shambles and need massive government bailouts they may not be able to afford. 

   They too are getting their fill of 2 billion Chinese and Indian workers who have entered the global economy.

   Posted by .(JavaScript must be enabled to view this email address) on September 05, 2009 at 2301 hrs
   
   
   

2. But is anyone in DC listening?

   Posted by Steve on September 07, 2009 at 0021 hrs
   
   
   

3. Don’t worry we do it better.  Just ignore the last half century worth of examples of the failure of central planning.  They just planned poorly, all of them, everytime.

   Posted by .(JavaScript must be enabled to view this email address) on September 07, 2009 at 1422 hrs
   
   
   

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