France and Economics

It's painful to be following the news about the protests against the CPE in France. It's really a struggle to understand how the youth, who are characterized by an unemployment rate of nearly 22%, can have any issues whatsoever with a law/effort that tries to get them jobs. This article in the International Herald Tribune begins to explain it...

I would argue that the French are some of the most well-educated people around, especially as it relates to sciences, politics, history, and the arts, but painfully obviously not in matters of economics. This is a sad state of affairs and I hope that it reaches a positive resolution over the next decade. We all need France to do well, we all need Europe to do well.
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