Wednesday, June 16, 2010

Euro economising proved farcical by French pension reform

Two years extra work to 62 by 2018 seems the main French response to the crisis in the nation's finances. One report in english is here while more details in french from Le Figaro may be read here. Amusingly this news coincides with a booklet arriving in my mail suggesting humungous tax spending within the department in which I live on a new high speed train line across virgin countryside starting soon with the work lasting for five years, merely to reduce the journey time between Bordeaux and Paris presumably to allow overpaid fonctionaires and eurocrats extra time to attend meetings during which they can plan how to waste yet further billions of euros they must either print or borrow!



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