While everyone in France is waiting for tomorrow’s decision (and not “démission” i.e. “resignation”, as Villepin said today in a dreadful slipe of the tongue) of the Constitutional Court on the CPE, I urge everyone to go read Wolfang Munchau’s refreshingly contrarian take on the current crisis.
The column is now safely protected by the FT’s subscriber’s firewall but, thanks to the wonders of globalization, freely available on the website of the Business Standard, an Indian financial newspaper:
At first sight, the travails of Mr de Villepin fit a depressing pattern of Europe’s chronic inability to reform. The prime minister is portrayed in the media as an idealistic political leader who tried to do the right thing, but failed. In the same vein, the young protesters on the streets of Paris look as though they stand in the way of France’s transition to the 21st century.
This narrative is as widespread as it is false. As far as I know there exists no reputable academic foundation for Mr de Villepin’s specific proposal – a work contract that removes employment protection for the young, while leaving it fully in place for the old.
Read the whole thing, as they say. It’s a lot better than the lazy drivel the international press has been offering on the subject of late.
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