France
The euro will survive for now — but only because working people in Greece and other European countries face greater suffering. That’s the not-so-hidden agenda behind the new US$227 billion bailout of Greece organised by the most powerful countries of the European Union, mainly France and Germany.
President Nicolas Sarkozy enacted a new law on November 10 that increases the retirement age of French workers. The move came just days after more than a million workers and students mobilised across France against the law.
Workers and students mobilised in their millions on October 12 in the fourth and largest mobilisation in the last month against laws that will reduce the pension entitlements of French workers.
The political situation in France is dominated by the mobilization against the proposed reform of the pension system. This reform is at the heart of Sarkozy’s austerity policy. Although it is presented as an obvious demographic necessity, it is meeting increasing opposition in public opinion.
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