For a long time many believed that there would be an automatic adjustment and counted on a rapid increase in the wages of the emerging nations, on our advances in technology and the costs of transport preventing disruption. But this reassuring analysis is out of date.
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Laurent Fabius Quote
“But Maastricht was not the end of history. It was a first step towards a Europe of growth, of employment, a social Europe. That was the vision of Francois Mitterrand. We are far from that now.”
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