Wednesday November 9th, 2011

Debts, debts, debts.

This is all they talk about on the news lately: the French debt and the new budget plan the prime minister announced on Monday. After what’s happening in Greece, all the European countries are scared the same thing will happen to them some day. So they’re all trying to improve their situation.

Personally I think the budget plan is a good thing for France, especially if they don’t want to ask for the European’s help in a few years. But you should see the reactions here! People are not happy because they have increased the VAT on some of the items (like restaurants and hotels), and they have brought closer the new retirement age by 1 year (the new retirement age becomes 62 in 2017 instead of 2018) (these are just a few of the long list of reforms to be applied as of next year) .

"VAT goes down, the prices also" the restaurants had this sticker on their doors since 2009 when the restaurants VAT went down. What will they do now?

Again, and again, I would like to repeat to my friends the French that they should be thankful for what they have, because others don’t have the chance to get not only 1 percent of the good reforms their government is putting in place.

For example, if the Lebanese government was to increase the VAT, they will do it on all the items, and not only on the least important products. At least the French first-need items won’t be affected by the additional 2% in 2012, whereas ours will be affected by the additional 6% our government is thinking of.

And besides, 62 years is not that old to stop working! My dad is 78 and he’s still working! What would you do when you’re 60 and you retire? You would get paid by the government and just sit home without doing anything until you die? Do you think the government will always be able to pay to all the people who stop work in their 60’s? Knowing that the average life expectancy in France is 81 years, this poor government will have to keep paying for almost 20 years for all the retired! This is insane! No government can afford this forever!

I have simplified the situation for you; actually it’s much more complicated, but I just wanted to show you the big picture. But what do you think? Do you agree with the reforms to be applied by the French government? Do you think the Lebanese government should do something similar to release the country of its debt?

It seems also that the European have asked the Chinese to invest in their continent, as an indirect way of having their help with their financial problems.

And to celebrate the arrival of the Chinese to Europe, we have cooked Chinese today 🙂 or our interpretation of Chinese food: something cooked in a wok with soy sauce 😛

Chicken cooked with with vegetables in the wok (my favorite way of cooking (because fastest))


See you tomorrow!

6 Responses to “Wednesday November 9th, 2011”
  1. tania says:

    well, I prefer your dishes over the debts issue:) seems yummyyyyy

  2. Magnesium says:

    Nice debt & food transition!

  3. TheFriend says:

    To quote Anne Roumanoff (definitely not my favorite standup, but she had a very practical idea in the “debt” context): “il faut tuer les vieux” 😛

    • You might not intended to, but this is a very large discussion my friend: what do you mean by old?
      Are they the people who just got retired? So now 60 is “old”?
      Or are is there a certain age that you cross to become old? Who would decide which age it is?

      • TheFriend says:

        Well … in my comment, the way it seemed to me, the most controversial part would be the “killing” more than the definition of “old” … but that’s just me 😛

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