The EU would do well to look closely at the business model followed by the Celtic Tiger.
[quote]The Irish on offense
The New York Times (from the IHT), Thomas L. Friedman, SATURDAY, JULY 2, 2005
DUBLIN There is a huge debate roiling in Europe today over which economic model to follow: the Franco-German shorter-workweek-six-weeks’-vacation-never-fire-anyone-but-high-unemplo yment social model or the less protected but more innovative, high-employment Anglo-Saxon model preferred by Britain, Ireland and Eastern Europe. It is obvious to me that the Irish-British model is the way of the future, and the only question is when Germany and France will face reality: Either they become Ireland, or they become museums. That is their real choice over the next few years - it’s either the leprechaun way or the Louvre.
Given that Ireland received more foreign direct investment from the United States in 2003 than did China, the Germans and French may want to take a few tips from the Celtic Tiger. One of the first reforms Ireland instituted was to make it easier to fire people, without having to pay years of severance. Sounds brutal, I know. But the easier it is to fire people, the more willing companies are to hire people.(Read the Article…)
iht.com/articles/2005/07/01/ … dfried.php[/quote]