October 12, 2010

FRANCE: Protests Up Against Pension Reforms

PARIS, France / The Wall Street Journal / Europe News / October 12, 2010


Crowded platforms are seen at the Saint Lazare subway station in Paris, on Tuesday as
French unions are staging a national day of strikes and demonstrations in opposition
to the government's pension reforms. Remy de la Mauviniere/Associated Press

PARIS—France's economic activity is taking another beating Tuesday as unions stage the third day of strikes this fall to protest against pension reform.

Tuesday's industrial action follows protests Sept. 7 and 23, when unions claimed 3 million took to the streets in an outcry against reforms that will raise the minimum retirement age to 62 years old from 60. The reform will also raise the age at which the French can retire with guaranteed full entitlements to 67 from 65.

To help balance the books of the pension system by 2018, the government also intends to increase taxes on savings and on the highest earners, and to scrap some benefits for civil servants

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