French Senate Passes Pension Cuts To Raise Retirement Age

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PARIS — Under pressure from the government, the French Senate voted Friday to raise the retirement age from 60 to 62, a victory for President Nicolas Sarkozy after days of street rage, acrimonious debate and strikes that dried up the supply of gasoline across the country. The vote all but sealed passage of the highly unpopular measure, but it was unlikely to end the increasingly radicalized protests. The coming days promised more work stoppages and demonstrations by those who feel changing the retirement age threatens a French birthright. Sarkozy made overhauling the money-losing pension system a centerpiece of his project to modernize France. Undaunted by weeks of strikes, he ordered…

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French Senate Passes Pension Cuts To Raise Retirement Age

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Posted by on October 23, 2010. Filed under News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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