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The 39-year-old prime minister has proposed the "Jobs Act," aimed at loosening restrictions on companies wanting to fire employees when business is slow.
Sounds familiar? Ah yes, we've been hearing this in France and other European countries for the past forty years. Like burning a village in order to save it, this logic claims that, to create more jobs, you need to, you know, destroy jobs even faster.

Funnily, such policies have done nothing but let unemployment grow higher and higher for three decades in a row. I suppose that pointing out such an abysmal track record would get you accusations of "crass Keynesianism" or worse...

(my spell checker initially proposed: "to crate more jobs...")

by Bernard on Sun Dec 14th, 2014 at 05:27:25 AM EST
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It's becoming increasingly obvious to the workers how the ECB pretends to have their welfare in mind, its actions -and lack of- are pauperising whatever industries which are still hanging on by their nails.

The much touted 'foreign investment' then steps in to buy the firm for pennies on the dollar.

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Sun Dec 14th, 2014 at 05:51:57 AM EST
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