Controversial plans to raise the pension age in France have been approved by the country's highest constitutional court. The government wants to raise the retirement age from 62 to 64. The plans have triggered days of widespread protests against President Emmanuel Macron who has described the changes as a necessity to salvage France's pensions system. Shadia Edwards-Dashti has more. Subscribe: Livestream: Facebook: Twitter: Instagram: Visit our website: ...(read more)
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The French Constitutional court has upheld the controversial decision to raise the legal retirement age from 62 to 64, in a bid to ease the country's public debt crisis. The ruling came on Wednesday after the court examined the constitutionality of the government's pension reforms that were passed in 2010. The decision, which has been met with widespread protests and strikes across the country, will affect millions of French workers and is expected to save the government billions of euros. The government claims that the changes to the pension system are necessary to keep up with the rapidly ageing population and to reduce the impact on public finances. Despite the government's argument, opponents have argued that the changes are detrimental to workers who have invested their life's work into the country's public services. Many workers are expected to find it more difficult to work longer hours and need more retirement saving to provide a comfortable retirement. The French president, Emmanuel Macron, has been vocal in his support of the changes, describing them as necessary for the country's economic stability. The government has also argued that the changes will create more job opportunities for younger generations, who are struggling to enter the workforce due to the lack of available positions. The court's decision is a significant victory for the government, which has faced backlash over the reforms since they were first introduced. However, the decision is likely to further fuel the anger of workers who are unhappy with the increasing pressure to work longer hours and sacrifice their hard-earned retirement. The ruling has also been met with criticism from opposition leaders and union officials who claim that the government is out of touch with the needs of the French people. Many have called for greater investment in public services as an alternative to pension reform. As the government prepares to implement the changes, it is clear that the debate surrounding the issue is far from over. While some believe that the reforms are necessary for the country's economic stability, others argue that they are unjust and will only widen the gap between the working and non-working classes. For now, the government will move forward with the pension reforms, hoping that they will alleviate the country's public debt crisis and create a more sustainable future for France. The country's workers, however, are likely to continue to voice their opposition, as they struggle to reconcile the need for financial stability with their desire for a secure and comfortable retirement. https://inflationprotection.org/the-french-constitutional-court-confirms-the-increase-of-the-legal-retirement-age/?feed_id=89832&_unique_id=6441e04a73d8f #Inflation #Retirement #GoldIRA #Wealth #Investing #clash #court #Europe #France #Francelatest #Francenews #franceprotest #franceprotest2023 #francesstrangeborders #Frenchprotests #law #Macron #Paris #pensionreform #police #strikes #theclash #TRT #TRTNews #TRTWorld #worldnews #RetirementPension #clash #court #Europe #France #Francelatest #Francenews #franceprotest #franceprotest2023 #francesstrangeborders #Frenchprotests #law #Macron #Paris #pensionreform #police #strikes #theclash #TRT #TRTNews #TRTWorld #worldnews
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