France has surrendered to the protesters. President Jacques Chirac announced today that the new labor law allowing young people to be hired and fired more easily would be taken off the books.
This is a great victory for student groups and labor unions and a blow to Prime Minister Dominique de Villepin, the chief architect of the law.
It is also a huge defeat for the French economy.
2 comments:
Did anyone ever doubt that a French mob, or any mob in France, would get what it demanded?
"He [Napoleon] settled the last rising of the Paris mob with his "whiff of grape-shot.""
Guess it wasn't the last rising and Dominique (who is a man) Villepin is no Napoleon. Probably a good thing, even if it does reduce the entertainment value of modern France.
Naah, France's economy in the toilet just means the Eastern Europeans will be stronger in the end. Plus it will have the happy effect of getting the Germans to decouple from them.
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