Table: Politics Is Putting the Brakes on Economic Reform

IN GERMANY...

DONE

Pension reform watered down to appease retirees.

PROMISED

Economic aid to eastern Germany to continue beyond scheduled 2005 expiration. Companies will shoulder an additional $135 million a year to pay salaries of full-time labor representatives.

IN FRANCE...

DONE

Privatization of state-owned utility Gaz de France put on hold.

PROMISED

Government spending to rise $4.5 billion next year as deficit-reduction push is delayed until 2003. Pending legislation would force companies laying off workers to double severance pay.

Data: BusinessWeek

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