It's The Same Old Problem

France In the face of a series of summer strikes, Prime Minister Jean-Pierre Raffarin's government increased from 37.5 to 40 the number of years state employees must work to qualify for a full pension. The figure will rise to 42 years by 2020. Yet the measures still fill less than half the 343 billion financial hole predicted for state pensions between now and then, raising the specter of higher contributions in the future.

italy Last week, the country's three major unions led a half-day general strike, and more than a million marched in protest...

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