| Author (Person) | Carnegy, Hugh |
|---|---|
| Series Title | Financial Times |
| Series Details | 7.6.12 |
| Publication Date | 07/06/2012 |
| Content Type | News |
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France's new Socialist government moved on the 6 June 2012 to lower the retirement age to 60 for those who began working when they were very young, partially undoing an unpopular and much-protested reform of recently-departed President Nicolas Sarkozy. Although limited in scope and cost, the pension promise was at odds with a trend among crisis-hit European countries to raise the retirement age to tackle fiscal deficits and the cost of ageing populations. It went against a call the previous week by the European Commission for France to rein in public spending and enact structural reforms to tackle its heavy debt burden. |
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| Countries / Regions | France |
