France Poised To Raise Retirement Age From 60!
Posted By thestatedtruth.com on May 23, 2010
Geez,  No wonder Europe has debt problems, this may well cause rioting across France ….. Expectations are growing that France is set to remove the right to retire at 60, as it embarks on a contentious reform of its debt-laden pension system and brings public finances back into line. Â
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By Peggy Hollinger in Paris
Published: May 23 2010
Expectations are growing that France is set to remove the right to retire at 60, as it embarks on a contentious reform of its debt-laden pension system and brings public finances back into line.
Christian Estrosi, industry minister, said on Sunday the government was leaning towards an increase in the [retirement] age in its talks with unions and employers federations, despite denials from cabinet ministers over the weekend of a decision being taken.
Although there has been much speculation that France’s legal retirement age of 60 one of the lowest in Europe would be abandoned, Mr Estrosi’s comments on national radio are the clearest statement yet of government intentions.
His comments are likely to give ammunition to unions planning a national strike on Thursday to protest against spending cuts and pension reforms.
http://www.ft.com/cms/s/0/751a63d4-66a5-11df-aeb1-00144feab49a.html
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