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> France has control of its currency No it does not. It uses the Euro, which technically requires it to maintain a balance.
by AceJohnny2 4y ago
> France has control of its currency
No it does not. It uses the Euro, which technically requires it to maintain a balance.
- jbn 4y agoif only it had control of its currency! The way out of this previously was to devaluate currency so that the face amounts of pension stay the same but purchasing power decreases (in other words, it decreases the value of pension in a much less visible way, and done over many years is like a slow boil).