Stanley's blog

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.

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