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As France prepares for the re-election season this Spring,  French President Nicolas Sarkozy has already announced brand new economic reforms to jumpstart his re-election. More from The Telegraph:
Under new “competitiveness accords”, employers will now be able to cut or raise working hours and cut salaries to save jobs if a majority of workers approve.
Business Week compares the new reforms to the Agenda 2010scheme that has already implemented in Germany. The scheme has a famously low unemployment rate, and while workers can't expect much wage growth, but in return, inflation is held in check, and job safety is a high priority.