Macron in Getty file picture
Macron meets with staff “who rise up early” in a Paris market
France has to reform its pension system to fulfill the milestones dedicated to Brussels. And the pension reform has develop into its Achilles heel. France has one of the crucial beneficiant fashions – if not the mannequin – in Europe relating to the variety of totally different pensions, the very best quantity and the potential of early or early retirement. It is probably the most beneficiant mannequin and, after all, bankrupt as a result of it’s unattainable to keep up that fee of public spending. The French system is difficult, however the potential of stopping work by gathering a pension opens (relying on the career) from the age of fifty.
Macron’s proposal to reform the French system is to extend working life by two extra years, from 62 years to 64 years (three lower than in Spain) and penalize early retirement. The proposal has mobilized the intense left, the intense proper and the unions in France which have spent a month and a half in mass demonstrations within the streets opposing the measure.
This Tuesday Macron has assured that “we should work slightly extra”. Incendiary phrase. “In common – Macron has mentioned – folks know that they must work slightly extra on common”, referring to sustaining the pension system. And not solely does she must work slightly extra – years of life – she must also be extra productive if she desires to have respectable pensions in twenty years.
Last week the French Assembly (Parliament) handed the pension reform to the Senate, the place it can arrive from March 2 and for a interval of two weeks, through which the brand new Law shall be debated.