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Although 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 extr
by legitster 4y ago
Although 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 4y 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)