The Intelligence from The Economist Will you still feed me when I’m 62? Macron’s pension fight
Jan 9, 2020
Emmanuel Macron's pension reform faces fierce protests in France, revealing the historical hurdles previous leaders encountered. Meanwhile, Myanmar sees a clash between devout monks and gnat worshippers, showcasing rising religious intolerance. On another front, the Canadian town of Asbestos debates a name change to shed its negative image, reflecting a community's struggle with heritage and modern identity. The discussions weave through tradition, reform, and the quest for a new narrative.
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Macron's Pension Reform
- French President Emmanuel Macron is pushing pension reforms, causing strikes and protests.
- He aims to simplify the 42 different pension regimes into a points-based system.
Paris Transit Disruptions
- Paris has experienced limited metro and train services due to strikes over pension reform.
- This has resulted in overcrowded trains when they do run and frustration among commuters.
Importance of Reform
- The pension reform is crucial for Macron's reputation as a reformer.
- France's pension system is costly, spending 14% of GDP, nearly double the OECD average.