The French
The Macron government has already met with fierce pushback and anger over earlier similar proposals and major overhaul attempts.
The latest plan unveiled Tuesday by Prime Minister Élisabeth Borne proposes raising legal retirement age from 62 to 64 by 2030, just stopping short of Macron’s previously proposed 65.
ZeroHedge reports: The Macron government has argued a major overhaul is urgently necessary to stave off a coming huge deficit in the system. Macron has been pushing for such reforms since his first election in 2017.
According to the details of the plan as summarized in BBC:
Some of the above listed ‘sweeteners’ such as the increase in minimum pension to around €1,200 over and above the current €900 is an attempt to win the public’s support ahead of it being presented to parliament in the next weeks.
Widely cited recent polls point to around 70-80% of the population opposing Macron’s desired retirement age of 64. Already labor unions are planning large protests to begin next week, including some strikes set to begin Jan.19, with the FT citing the following union leaders touting they are ready for the “mother of all battles”:
Protests have already been growing in some locales, with larger demonstrations expected next week…
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