Thursday, March 26, 2009

Tempers Flare As Pain Spreads In Europe

French employees of the German tire maker Continental burned tires at a demonstration in Paris on Wednesday. (Jacques Brinon/The Associated Press)

From The International Herald Tribune:

LONDON: Tempers are flaring across Europe as the economic pain deepens and more people lose their jobs.

Just ask Fred Goodwin, the former chief executive of the ailing Royal Bank of Scotland, whose house and car were vandalized in the early morning on Wednesday. Or Luc Rousselet, the manager of a 3M factory in France, who was barricaded in an office for a second day by workers demanding better severance packages for 110 employees being laid off.

While such instances are scattered so far, the angry mood threatens to overshadow the Group of 20 summit meeting in London next week, where world leaders hope to find approaches to the financial crisis.

Read more ....

My Comment: The U.S., Canada, and the Far East have so far been immune to this discontent .... but if trends continues it is only expected that this same atmosphere of discontent will hit these regions.

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