The week at a glance ... Europe

Europe

Paris

No retiring at 60: French workers will have to keep toiling until they are 62. The government announced this week that because of mounting deficits and an aging population, it would have to raise the retirement age from 60. The pension program is already running a deficit of nearly $40 billion a year, and the government said this was the best way to both reduce payouts and increase payroll tax intakes. The French, who cannot by law work more than 35 hours a week, are appalled. “Today is a day of sadness and anger,” said Jean-Luc Mélanchon, head of the Left Party. Labor unions immediately announced plans for general strikes.

The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.

Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.

Sign up
Latest Videos FromThe Week
Explore More