EU Economic Governance and French Pension Reform

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I haven’t discussed the French pension reforms, and the strikes opposing them, because it’s taken me a while to dial in the broader context that I felt was lacking in a lot of the debate. French President Nicolas Sarkozy has for the most part used demographic arguments to justify the reforms, which essentially involve moving the age of retirement from the age of 60 to 62. The growing pool of retirees coupled with budget shortfalls makes the need for reform obvious. The problem is one of distributing the increased burden fairly. Here, Sarkozy shot himself in the foot by making […]

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