"The demographic weight of countries such as China and India exercise a massive pressure on our wages and salaries. They have accomplished massive technological advances and the revolution in information technology has reduced the costs of transport.“

-Laurent Fabius

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Laurent Fabius quote about Technology: "The demographic weight of countries such as China and India exercise a massive pressure on our wages..."

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"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 But this reassuring analysis is out of date."

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"The single currency should allow the European Union, and therefore France, to balance its monetary strength with the United States. It should help us adjust to the development of China."

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