I’m going to across in France for a few weeks from next week and I was greatly entertained by this decision by the new French President Elect, the renowned Socialist Francois Hollande. Yes we live in tough economic times so what to do? Yes...reduce the retirement age!!!
France’s new socialist government cut the country’s retirement age in the face of the eurozone’s deepening crisis, citing “social justice” to explain a move that goes against austerity efforts across the region. Workers who entered employment aged 18 will be able to retire at 60 rather than 62, under the decree agreed at a cabinet meeting yesterday.
Wonderful stuff. Just watch France melt down as the lunacy of unreconstructed socialism meets the reality of the Markets! Can’t wait!