Monday, April 10, 2006

And the Government Defers to the Street...

It appears that that the French Government has decided to give in on the CPE issue.

Via the BBC:

French President Jacques Chirac has announced that the new youth employment law that sparked weeks of protests will be scrapped.

He said the First Employment Contract - or CPE - would be replaced by other measures to tackle youth unemployment.

Congratulations, French protesters, you whined, moaned, pouted and tried to shut down the country, and it worked. I hope for the best, but this won't change the current economic path of high unemployment, poor economic growth and mounting immigrant disenchantment.

Previous Related Posts:
The CPE in Economic and Legal Context, Part 1
Paris on the Brink?
France and the CPE, Continued
French First Employment Contract and Econ 101

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