Introduction: Mr Lang's 17 presided over the first cabinet meeting after the inauguration. On that day the final communique issued by the said: "the President, prime minister and the government minister will cut their pay by 30% and his cabinet members, promise during its not part-time, and not in the business of discrepancies with itself, not all kinds of social activities in a conflict of interest."
Last week, the French government and the new cabinet Greek cabinet have announced plans to cut the cabinet or stop hair salary, "in order to domestic economic downturns set an example for the people". France's new President omar lang DE with "against implementing a fiscal tightening policy" commitment victory over former President sarkozy of France on the presidency, but the manager after first the fire burning in the "crunch". Look, no matter who is in power, in the debt crisis of the environment, stimulate economic growth are inseparable from the premise of fiscal austerity measures and structural reform.
Mr Lang's 17 presided over the first cabinet meeting after the inauguration. On that day the final communique issued by the said: "the President, prime minister and the government minister will cut their pay by 30% and his cabinet members, promise during its not part-time, and not in the business of discrepancies with itself, not all kinds of social activities in a conflict of interest." According to the proportion computation, the President and prime minister of monthly salary will be cut by 21300 euros to 14900 euros, 34 a ministerial officials by 14200 euros per month will cut to 9940 euros.
The move won the morale. People will sarkozy at the office for a 170% pay rise for comparison, in the local media reports, Mr Lang's image of incorrupt and self-discipline panel in June for the upcoming parliamentary elections won the French public opinion. The French constitution provides that the state laws and regulations must be approved by parliament important to implement, namely restrict the ruling council. Joao DE leadership in the socialist lang parliamentary election defeat, will face and other parties to form with the embarrassing situation. Now Mr Lang's new cabinet face primary task is to make the socialist campaign strategy to win a majority in parliamentary elections. The success or failure of the election to the socialist party will be an important test.
However, the French cabinet pay cuts to stimulate economic growth role is only symbolic. Including the President, a 30% pay cut and officials, one year may reduce government spending 1.89 million euros, compared to the huge government deficits don't mention it. The French economy growth in the first quarter of this year zero for the projects, the unemployment rate to continue at 10% of the high, Mr Lang is facing the GDR huge public debt and deficit, want to be stable French situation and realize financial balance, with only shouted "stimulate growth" slogan is difficult to cash the election promise. Only "a financial crunch" and "stimulate growth" walk on two legs, or even shouted "stimulate growth" at the same time, don't give up "crunch" policy, simultaneously deep labor market reform, might be just as first cabinet meeting communique said, to realize the economic growth.
The European commission the latest forecast, the eurozone members gross domestic product (GDP) the average will shrink by 0.3%, the economy into a mild recession; The euro zone unemployment rate is expected to reach 11%. Therefore, to support growth and to reduce unemployment, balance economic policy, control growing calls to cut back on spending. The European Union recently indicated that will solve the debt crisis of the tightening policies make some minor, such as will allow member states this year deficit scale slightly super upper limit, but maintain 2013 up to the stability and growth pact "regulation the 3% target; And it will allow members will be 2013 years to achieve a target budget delay.
But, with only relaxed fiscal discipline can't get Europe debt crisis. The current high debt and large trade deficit, may not be nearly through a single financial measures to stimulate the economy recovery growth. Moreover, after the European central bank to solve the debt crisis of the policy tool use already close to the limit, fiscal and monetary policy space already very limited.
At bottom, its European debt crisis is not so much to the financial crisis, which the economic problems, as a social welfare system cause structural problems. At present, only adhere to the structural reform of government, in the financial crunch and consolidation, and on the basis of moderate to relax the stimulation of the real economy policy, especially should expand the eu member states in the Labour market opening degree, reduce tax labor standard, simplified to a new company administrative examination and approval formalities, at the same time deepening in the field of commodities and service integration process, enhance the competitiveness of between economies, just may stimulate economic recovery growth, also is the European economy the best way out of the crisis.
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