France Lowers Retirement Age to 60

Discussion in 'Politics & Religion' started by 377OHMS, Jun 7, 2012.

  1. 377OHMS

    377OHMS

    Workers who entered employment aged 18 will be able to retire at 60 rather than 62, under the decree agreed at a cabinet meeting on Wednesday.

    The decision follows pre-election promises from the new president Francois Hollande to reverse the rise in the retirement age introduced by his predecessor Nicolas Sarkozy in 2010.

    “We committed to put this measure in place quickly for social justice for those who started working early,” said Social Affairs Minister Marisol Touraine.

    The reforms will cost the state billions of euros a year but can be afforded through higher worker and employer contributions, according to the government.

    The €1.1bn (£890m) annual cost up to 2017 - €3bn thereafter - will be met by a 0.1 percentage point rise in payroll charges, amounting to an extra €2 a month on the average monthly French net salary of €1,600, it said.

    Around 110,000 people are expected to benefit from the measure in the first full year.

    Jean-Francois Cope, leader of France’s conservative UMP party, called the policy move “madness”.

    “It risks the downgrade of France’s credit rating and at this rate tempts fate,” he said.

    http://www.telegraph.co.uk/finance/...nt-Francois-Hollande-cuts-retirement-age.html
     
  2. Before being put on a ballot, there should be some sort of universal test given to a politician to see if they understand reality.
     
  3. Lucrum

    Lucrum

    In all fairness to France their external debt to GDP ratio is only 275%.
     
  4. Europeans are delusional. They think by voting in "anti austerity" candidates, their proliferate ways may continue on forever. As if their collective belief in a fairy tale, made it so. New age thinking: reality is no longer a collection of empirical fact. Reality is whatever the individual says it is. That's the mentality of 5 year olds. Which explains why we're here to begin with? A nation run by criminal opportunists, voted in by delusional children. The two Greek candidates plan to restore salaries and benefits for Government workers (anti austerity), just a question of how much. One guy wants to go back to 2007 levels (lol). And the conservative dude wants to repeal *only* the past couple austerity packages. There is no concept of reality, here..
     
  5. Everything is released from the bounds of reality because they literally do not believe reality exists.

    Create an idea in the mind that can not work in reality, but since reality does not exist, anything is possible.

    They think anything can be made to work just by willing it into existence.

    Since reality does not exist, cause and effect, action and reaction don’t exist either and believe they should not be held accountable for their actions.
     
  6. Is that like Buddhist applied economics theory?:D
     
  7. This is a dangerous turn, imo. Nations that experiment in fantasy, end up a horror show. It's against natural law, and God's law. There's a spiritual element to this too. God calls us to be lovers of the Truth. When we tinker, flirt and embrace lies, we get burned. That's how the universe is set up. ..
     
  8. The Greeks know what they're doing. Watch and learn..
     
  9. Mav88

    Mav88

    yes those crafty Greeks, they got themsleves into a mess on purpose just to show how smart they are
     
  10. Why stop there.... IMO we should all retire by 50....... :D
     
    #10     Jun 8, 2012