3 ms·
It's not even Brexit really - the whole of Europe is poorer on a real, practical level because its economies cannot produce the same amount of stuff. Brexit put
by makomk 3y ago
It's not even Brexit really - the whole of Europe is poorer on a real, practical level because its economies cannot produce the same amount of stuff. Brexit put some additional barriers to exporting and importing stuff from Europe, but generally speaking the main reason imports aren't available cheaply is because the supply isn't there for anyone and export markets are mostly going away because there's no longer the same market for those goods or services full stop.
- legitster 3y agoAlthough a political disaster, France's pension reform did not happen out of the blue. The country is facing a real demographics disaster and milking a few extra years out of their working age population will not be enough to head off the problem that they are simply not going to have economic productivity to support their population comfortably.
- soco 3y agoThe pension system mathematics is based on a certain age pyramid. If that pyramid changes - which it did and does - you need to change something. So the French may go on the streets until forever, money in the pension system still cannot come out of the pen of the president. Now if they want to change the system itself including its mathematics, that's another story but I don't think it was even touched (and I'm not aware of any other alternatives some other place either)