On Europe 1 radio, the head of the European Central Bank said: "We can do nothing against the immediate increase in oil prices or raw materials. But instead, we must avoid at all costs, what we call second-round effects, that is to say that other prices begin to move. "Jean-Claude Trichet said he meant" all other Prices, including wages, of course.
The objective of Jean-Claude Trichet is to freeze wages while consumer prices are rising. This objective is exactly to that of Patrick Artus, head of Natixis, outlined in a confidential note .
Clearly, what are the employees who should bear the effects price increases of raw materials by a decline in their purchasing power.
01/03/2011
Serge Lefort
World Citizen
0 comments:
Post a Comment