Analysis: Elections cloud Eurozone economic reform outlook

mkpdavies · 09-01-2005, 11:00 AM

http://www.dailytimes.com.pk/default...-1-2005_pg5_28

Quote:

PARIS: It looks like a crunch year for economic overhaul in “old Europe” as voters feel the pinch from cuts in public welfare provision and elections creep onto the radar screen in Germany, Italy and France.

Changes unpopular with many voters are judged essential by governments under pressure to cut costs, enhance competitiveness, reduce joblessness and meet the mounting bill for caring for ageing populations.

Without them, many politicians and economists say, countries with higher wages and more protective social security systems and labour laws will lose out to lower-cost, less regulated rivals.

I bet all those suckers who believed that their nations signing up to the Euro, would bring them more wealth and happiness.

Wake up and smell the coffee Europe! The EU is no good for any of us! It is failing, and the longer we leave it, the more pain we will all suffer. Polititians who have made it their life, will see us destroyed before they allow it to die! So we have to kick them out and soon!

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