Originally Posted by dteowner
You might gain some understanding if you trade some of your "human psyche" insight for "basic accounting" insight. After all, the Euro "human psyche" model has proven to be successful and sustainable. Well, excepting Greece. And Spain. And Ireland. And Portugal. And Italy…
The weekly Le Point reported, without citing its sources, that government plans, as a compromise, to offer temporary tax credits from next year to companies keeping jobs in France that would eventually add up to 20 billion euros.
It would balance that with public spending cuts and a tiny rise in value-added tax to 20 percent from 19.6 percent.
"We cannot simultaneously restore public finances and impose a competitiveness shock - a massive and immediate transfer of employer payroll taxes onto taxes," said a government source.