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Editorial: The French president must learn the lessons of the concession he has made on pension reform – or he risks the far right exploiting this battle at the next election
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Graham Watson
January 14, 2020 2:23 PM
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Another fascinating insight into policy debates on the Continent, this time French pension plans are under the microscope, with Emmanuel Macron having conceded ground to strikers and kept the age at which French people get full pensions at 62, instead of the 64 that he proposed. To put this into context, in Germany the pensionable age is 67, and it's in the process of increasing to that in the UK too.
President Macron has done a fair amount to make French labour markets more flexible, increasing the ease of hiring and firing, for instance. However, with the future of work in a post-industrial society increasingly precarious, it will be fascinating to see how long France will be able to maintain this position.