Tuesday, June 22, 2010

France to raise retirement age to 62

Subject: txt sclm intl -
The change is expected to come into place in 2018 as part of an effort to get the country's spiralling public finances under control. The move has been strongly opposed by the opposition Socialist Party and labour unions, but Eric Woerth, the labour minister, said the measure was a "real moral obligation," given France's burgeoning deficit and its aging population, which he said threatens the viability of the money-losing pension system...


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