Posts Tagged ‘Hartz IV’

Notes From Underground: Sarkozy will borrow Trichet’s Mask and go as Marshal Petain for Halloween

October 30, 2011

The more things in Europe are reported as “calming,” the stranger the news stories that emanate from the various European capitols. In the weekend Financial Times it was reported that President Sarkozy told his citizens that they needed to act more like Germans. If France is to avoid slipping into a terrible sovereign DEBT CRISIS the French are going to have to adopt German-style frugality and a better work ethic. Sarkozy believes that the 35-hour work week must change for as France worked less, the Germans invoked the HARTZ IV program of structural changes to its labor force. Under the leadership of Gerhard Schroeder, the German unions voted for labor austerity in exchange for business not exporting jobs to lower-cost regions in Eastern Europe.

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