Economist Podcasts Not shy about retiring: strikes in France
Dec 5, 2019
Sophie Petter, Paris bureau chief for The Economist, examines the massive national strikes in France against unannounced pension reforms, revealing deep public dissatisfaction and the impact on various sectors. Meanwhile, Tom Gardner, the East Africa correspondent, explores the historic peace prospects in conflict-ravaged Darfur, shedding light on the complexities of the local tensions and the nuances of government negotiations. Together, they delve into the pressing issues of labor rights and the quest for stability in Sudan.
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French Pension Strike
- French workers are striking over pension reforms before details have been released.
- The reforms aim to simplify the complex system, not reduce spending.
Early Retirement in France
- Some French workers, like train drivers, can retire as early as 55.
- This is a historical legacy from more physically demanding jobs.
Cost of French Pensions
- The French pension reform isn't designed to cut spending, but to simplify the system.
- France spends 14% of GDP on pensions, higher than many other countries.