For half his mandate as President of France, François Hollande has dithered, closely examining the monthly level of Unemployment and blaming the worldwide economic depression, but, without making any changes to avoid "rocking the boat" !
The time has come when measures must be decided to reduce costs and to increase revenues. Brussels will want to know the effect of these radical changes on the 2015 Budget.
No changes have as yet been officially decided in France, but no stone has been left unturned in case something important has been missed ! This simply means that only drastic measures can now make a sizeable impact !
The following "drastic" long term measures could have the desired effect now needed, but, alas they have already been discarded as possible solutions.
1) To increase "Revenue" the basic rate of Turnover Tax could be raised, but not on food.
2) To reduce "costs", the retirement age could be increased in line with the anticipated longevity of beneficiaries !
3) To encourage business the law concerning the 35 hour working week could be redefined to unshackle companies facing economic difficulties or bankruptcy !
France can only expect difficult negotiations in Brussels. However, the EU and the EUROZONE are not entirely blameless for the predicament in which several countries find themselves at present !
The EU must revise some of the fundamental principles concerning Immigration and Migration by closing the Frontiers of the EU ! Could the EBOLA crisis alone not justify this ?
France would have the support of many other countries on these issues and could therefore plead in Brussels that these changes are necessary NOW to protect not only France but the long term future of the EU !
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