10.03 Sarkozy recoils from EU plan

[Skip to the end] (email exchange) Right, thanks! >    >   On Fri, Oct 3, 2008 at 10:01 AM, wrote: >    >   In a message dated 10/3/2008 01:00:23 Mountain Daylight >   Time, wrote: >    >   Jean-Claude Trichet, president of the European Central Bank, >   said the EU’s structure was ill-suited to a common bail-out >   scheme. >    >   ”We do not have a […]

Indexing French wages

A bit of structural inflation being introduced: Sarkozy Plans to Index Civil Servants’ Salaries to Inflation by Helene Fouquet and Francois de Beaupuy (Bloomberg) French President Nicolas Sarkozy said he’d index civil servants’ salaries to inflation and make good on unpaid overtime hours to improve their purchasing power. “It’s a fact that some civil servants […]