The French, doing one of the things that they know best (and that I admire them for) have gone on strike. The public and private sector are in the streets to protest the economic crisis and try to convince Sarkozy to do more. See full story HERE
Also, is this Europe’s winter of discontent and how bad will the bad get?
The French are in revolt. On Thursday, teachers, television employees, postal workers, students and masses of other public-sector workers will be united in a hugely-popular strike with car workers, supermarket staff, journalists and thousands of others in the private sector.
One poll said that 75 per cent of the public supported the action, which has the backing of the large union groups and opposition socialists. It will be a big test for President Nicolas Sarkozy but, more importantly, the strike will mark the biggest protest so far in one of the world’s largest economies against the grief and distress being caused by the catastrophic global downturn.
A depression triggered in America is being played out in Europe with increasing violence, and other forms of social unrest are spreading. In Iceland, a government has fallen. Workers have marched in Zaragoza, as Spanish unemployment heads towards 20 per cent. There have been riots and bloodshed in Greece, protests in Latvia, Lithuania, Hungary and Bulgaria. The police have suppressed public discontent in Russia, and will be challenged again at large gatherings this weekend.
This is turning into Europe’s winter of discontent. Protests are widespread and gathering pace. It seems to be about national interests superceding the common cause that has united countries for decades.
Comparisons with the Thirties have tended to focus on the numbers – a lack of growth and waning consumer confidence, an increase in business failures and job losses, collapsing stock markets and currencies and panicky runs on banks. See full story HERE