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French PM François Fillon has now confirmed that it's the government's view that there is no way pensions can go on being paid in the future without people working till a later age.
by afew (afew(a in a circle)eurotrib_dot_com) on Tue Jun 30th, 2009 at 10:16:14 AM EST
And in the next generation this becomes what?  People still working from the grave?  Bring back child labour?

Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Tue Jun 30th, 2009 at 10:20:43 AM EST
[ Parent ]
The next generation will invest in government bonds - Fillon is getting up a special issue for the public with a higher rate of interest than if France were to raise sovereign debt on the markets. So the next generation will put aside the higher interest that they will themselves have paid every time they go to the supermarket or the petrol station, and... er...

Forget about it.

by afew (afew(a in a circle)eurotrib_dot_com) on Tue Jun 30th, 2009 at 10:51:18 AM EST
[ Parent ]
I think child labour is the easiest option.  Now how best to make that socially acceptable?

Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Tue Jun 30th, 2009 at 11:09:49 AM EST
[ Parent ]
Working as a child shortens life and thus brings forward the age at which one is no longer capable of working.

Thinking of early retirement? Start work young!

by afew (afew(a in a circle)eurotrib_dot_com) on Wed Jul 1st, 2009 at 01:39:24 AM EST
[ Parent ]
Which is yet another "inevitable" neo liberal "reform" : there are three levers upon which pensions are paid, which are intensity of the tax paying them, level of compensation for the retirees, and length of work before retirement.

And as I point out in this thread French workers may be more interested in pulling the other two levers (indeed they are already cutting their level of compensation by often retiring before they earn a full pension). But those two other levers are more likely to result in higher pay demands...

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Tue Jun 30th, 2009 at 10:22:06 AM EST
[ Parent ]

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