Nonsense on stilts..
with clown shoes, a Jimmy bonnet and a revolving bow tie.
No, I am not exaggerating:
"The President of Eurogroup - the informal Eurozone forum - Jean Claude Juncker, on Wednesday recommended a Europe-wide minimum wage".
He thinks it would be important for the 'social aspect' of the Euro zone (As Eurocrats tend to do, he jumps around between 'Europe', the EU and the Eurozone) and also for 'its economic aspect'.
I don't think I need to spell out the lunacy of treating even the Eurozone economies of being of a similar health / strength (Luxembourg - $104,000 GDP per capita and Malta - $18,000 ) let alone a wider EU that includes Bulgaria ($5186) and Romania ($7697).
No, I am not exaggerating:
"The President of Eurogroup - the informal Eurozone forum - Jean Claude Juncker, on Wednesday recommended a Europe-wide minimum wage".
He thinks it would be important for the 'social aspect' of the Euro zone (As Eurocrats tend to do, he jumps around between 'Europe', the EU and the Eurozone) and also for 'its economic aspect'.
I don't think I need to spell out the lunacy of treating even the Eurozone economies of being of a similar health / strength (Luxembourg - $104,000 GDP per capita and Malta - $18,000 ) let alone a wider EU that includes Bulgaria ($5186) and Romania ($7697).
Labels: EU fun and games, Sane economics
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on Wednesday, September 10, 2008 at 2:27 pm.
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you some times feel - on a reductio ad absurdum basis - that these things should be tried
one has the feeling that this one in particular would involve a measure of pain for someone ...
I will wait to see what the hourly rate is before I pass judgement. The French have a minimum monthly wage rather than by the hour - presumably based on the idea that nobody does more than 12.5 hours a week in France.
ND - Shortly after sais Eurocrat has decided to peer at the noon day sun through a pair of binoculars perhaps.
BE - Some of those Gauls worked damned hard, but there are a lot of loafers.... Shades of these parts, or come to that, the Slaves of Milan.
You didn't need to spell out the lunacy, but it's always worth making the point once in a while so that we don't lose sight of it.
LFAT - Maybe, but I seem to lack a resident leftie who actually wants to argue the toss. I hope preaching to the choir still has a value...
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