Amidst all the laments about high European unemployment, always attributed to high wages and a generous welfare state, we've never heard anything about the influence of economic unification. Aren't multinationals rationalizing their operations on a continental basis? Doesn't this result in plant closures, consolidations, etc.? Has anyone quantified this - or contribution of the suicidal tight money, tight budget policies imposed by Maastricht and Buba, also a byproduct of unification? Doug -- Doug Henwood Left Business Observer 250 W 85 St New York NY 10024-3217 USA +1-212-874-4020 voice +1-212-874-3137 fax email: <[EMAIL PROTECTED]> web: <http://www.panix.com/~dhenwood/LBO_home.html>
