European destructuring
Two items struck me in tonight’s newscasts.
Lufthansa pilots are striking for four days, costing the company €100 million. They are demanding a 6% pay increase and that pilots in Lufthansa’s foreign subsidiaries be paid at their rates.
French frefinery workers are striking against Total’s decision to close a refinery.
Whatever the facts behind these two issues, it is hard not to conclude that the strikes are indications that, even given the political will of the two governments, the neccesary industrial restructuring required for Europe to be competitive is in doubt.
Rated 6th most influential EU blog by Waggener Edstrom. European of British nationality, for nearly 30 years Bruxellois. Deep believer in the principle of 'mutuality' and Monnet's axiom "Thought cannot be divorced from action", equivalent to Wang Yangming's "Zhixingheyi". 