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France 24 | Fillon says there is 'no other solution' than to raise the retirement age | France 24
French Prime Minister François Fillon said Saturday that the only way the government can make its retirement payments is to raise the retirement age from today's 60 years. Fillon has made lowering France's deficit a priority of his administration.

French Prime Minister François Fillon on Saturday said that the only way the government can make its retirement payments is to raise the legal retirement age.

 

"There is no other solution for saving the retirement system than working for a longer period," he said.

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:09:33 AM EST
[ Parent ]
Now he's going to explain where the work will come from.
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jun 29th, 2009 at 03:17:43 AM EST
[ Parent ]
... if we encourage saving that will create investment, because after all supply creates its own demand. As long as we assume an automatic trend toward full employment, everything is always getting better.

Well, except for those pesky "shocks", but abstracting from the shocks things are always getting better.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Mon Jun 29th, 2009 at 12:18:50 PM EST
[ Parent ]

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