Dear MEL Topic Readers,
Could axing two national holidays save France from its mountain of
debt?
When you have mounting debts that you cannot pay off with your current
income, one option is to work more days to earn more. That is what the French
government is proposing. As part of an emergency plan to plug a budget hole,
the prime minister has proposed scrapping two of the nation’s 11 public
holidays to increase economic output. Will it work? Denmark abolished one national
holiday in 2023, and economic output increased by much less than one percent or
even one-365ths. In fact, France has the same number of national holidays as Germany,
the Netherlands, and the USA. Since workers and students won’t be happy with
such a reduction in the holidays, it is uncertain if such an unpopular proposal
will get the parliament’s approval, especially when populism is on the rise. In
the meantime, the governments of NATO countries are all required to increase
their defence budgets. It’s going to be a tough sell.
Read the article and learn about the French government’s idea to
increase its economic output.
No comments:
Post a Comment