A La Francaise
By CarryTrade • May 16th, 2009 • Category: Top LinksIs it worth sacrificing success in good times in order to ensure stability during the bad? Most quasi-socialist states (ie mainland Europe) say “absolument!”
“A more stable economy in a recession also means a less dynamic, less innovative economy in good times. For all its positive elements, the French model has not yet not incorporated enough flexibility, leaving it with the task of ensuring solidarity, but not the dynamic growth needed to sustain it in the long run.”
Link here.
CarryTrade is a former finance professional with a Master's Degree (the combination of which automatically makes CarryTrade an expert on everything).
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I like the phrase “mainland Europe.” Should we read into this? A slight reference to our friends in the PRC?
I think usually folks use “continental” for Europe.