A quick break from Elections: France
France was once a hotspot for innovation, and for two centuries ‘Liberte, Egalite, Fraternite’ was a rallying cry for individual freedoms.
Now, it appears that France’s bloated welfare state has come crashing down – a general strike has consumed the country, because President Nicholas Sarkozy and his allies in the legislature are attempting to raise the retirement age from 60 to 62.
Yes, that’s correct.
In an era when other first world nations (including that model of Teutonic efficiency, Germany) are raising their retirement ages to 65 and above, it’s preposterous that the French are complaining about raising the retirement age to 62. More importantly though, the types of benefits that the French and many of their European counterparts have enjoyed for decades are unsustainable, and governments are finally realizing that. Unless nations want to follow Greece on the yellow brick road to defaulting on debt, action must be taken.