It’s always someone else

Oh Eurabia, when you screw up, blame someone else, it’s never your fault is it, always somebody else who has to save you, protect you etc. Well blame all you want to, but it ain’t getting any better, at least not while you’re sitting on your ass.
A majority of French people believe the switch to the euro five years ago was bad for their country, according to a recent poll, which suggests the French blame the common European currency for damaging economic growth and causing price hikes.

The presidential front-runners for next April's elections, Nicolas Sarkozy and Segolene Royal, have both criticised the European Central Bank for harming economic growth with a series of interest rates increases.
I think there are elections coming up in France, can you believe Royal, a socialist is a front-runner, oh well it’s their choice, bon appetite. Well the OECD thinks otherwise, I wonder what cradle to grave welfare has to do with all this?
EU governments should stop blaming the euro for economic difficulties and should make their own labour markets more flexible and curb budget deficits instead, economic think-tank the OECD has said.

"The economic problems are mainly structural; the solutions therefore are largely in the hands of individual member governments. Thus, the primary policy challenge for the euro area is to improve growth and resilience by boosting economic flexibility."

The think-tank urges eurozone capitals to loosen lay-off rules, boost wage flexibility by making less use of collective wage agreements, reduce red tape barriers for labour mobility and open services and financial markets.
Why does that last paragraph sound familiar? Oh yes, isn’t our Australian Labor opposition campaigning against these very things that the Howard government put through. Only in our case, if we put the leftists into power to turn the clocks back, we won’t be able to blame anyone else when (not if) they stuff up.

Update - Eat fecal matter America haters

US companies hired workers at a blistering pace last month, according to fresh data, which dashed hopes of early US interest rate cuts and brightened prospects that the world’s biggest economy is heading for a soft landing.

The December jobs gain was the biggest increase in 2006, defying economists’ predictions that the pace of hiring would slow. Wages also picked up, with a 4.2 per cent annual increase in average hourly earnings.

Carlos Gutierrez, commerce secretary, told the FT the strong jobs numbers “can be sustained” and said wage gains showed workers were now sharing in the benefits of growth.

The more jobs there are, the more people are working, and the more financially independent they are and the less help they will need from their fellow tax payers.

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