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Workers Protest Across France
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Demonstrations across France in cities like Paris, Lyon and Marseilles, by private and public trade unions drew an estimated 2.5 million people. They are protests that President Sarkozy's government is not doing enough to provide stimulus to the economy and protect jobs. THese are the largest nationwide demmonstrations in more than 20 years. France lost the most jobs in 40 years in the last quarter of 2008 and Sarkozy's government has only announced a$35 billion stimulus. Germany and France are also holding back on large stimulus spending , including significant help for Eastern European countries, and this will become an issue at the April 2, 2009 G-20 meeting. Ted Truman at Treasury is articulating aforceful response for the Obama administration calling on the EU countries to come up with astrong stimulus plan. See link.
Decline in Global Manufacturing in 2008-2009
11/02/2008
The decline in global manufacturing, as falling demand in western countries affects manufacturers in emerging market countries, and in turn will affect the western countries in what the emerging market countries will buy in imports of machinery and other tech products
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The steep fall in world trade in 2009 and efforts to prevent protectionism .
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Shifting sentiment for Stimulus in France and Germany as job losses mount.
01/04/2008
German GDP contraction according to Commerzbank estimates in late March show 6-7% GDP contraction in 2009. France with a smaller capital goods industy, is projected to drop 4%. Sentiment in both countries is shifting to larger Stimulus.
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Wall Street Journal 05/29/2013
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Germany Posts Month 21 of Declining Jobless Rate
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Europe’s Central Banker Engineers His Economics
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Unions Wage New Strikes in Germany
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For Europe’s Middle-Class, Stagnant Wages Stunt Lifestyle
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Demonstrations across France call for more government efforts to protect jobs as the US add its voice for more Stimulus.
03/13/2009
Estimated 2.5 million people across France call for more government action to protect jobs. At the April 2, 2009 G20 summit the US will forcefully call for more Euopean Stimulus spending.
Linked Articles
New York Times 03/20/2009
Geithner Hires a Seasoned 'Temp'
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