France: A ‘Field of Ruins’
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France, once again, is on the verge of chaos.
The subject of the discontent is the adoption of a law reforming the pension system in a minimal way: the legal retirement age in France has been set at 62 since 2010; the law raises it two years, to 64.
Neither members of the government nor economists on television dare to speak the truth: The French pension system is collapsing. The reform just adopted will not be enough to save it; just allow it to survive a bit longer.