Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I agree, except that "honing comepetitiviness" need not be synonymous to cutting or stagnating salaries. It that were so, North Korea and Somalia would be the most competitive economies in the world.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Wed Sep 5th, 2012 at 10:16:33 AM EST
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