See, I Told You So
For Europe's sake, it would have been best if I had been proven wrong, but unfortunately I wasn't as Chirac now withdraws the proposal. As I've stated before, the worst part about this is not that the proposal itself is dead. Since it was so modest it would only have meant a modest improval of the situation. The problem is that it will discourage politicians not only in France but in other European countries to abstain from other more important reforms of the welfare statist system that inhibits the economies of Western Europe.