Thursday, July 5, 2012

Germans are the slaves of Europe, paying for the French to retire at 60 while they work til 67

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7/4/12, "To Hollande, With Love," Zero Hedge

"The plan to fleece the entire country in order to sustain the survival of an obsolete social welfare system is doomed, yet it may be implemented for a few months. But endeavouring to also fleece our German friends is a dangerous and reckless ambition. Why should they accept to contribute to the financing of a 60 year retirement age in France when they have just raised it domestically to 67? Certainly, Germany would have a lot to lose with the implosion of the euro. But it is politically untenable to demand support for social benefits that the Germans have denied for themselves and unrealistic to imagine they can single-handedly
  • carry the burden of a spendthrift Europe."


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