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
France, CPE, French Economy, French Labor Law, CPE Crisis